The price index for private residential homes in 20 major cities across the country in June rose by 0,3% compared to May. Economists had expected a worse result.
It is particularly pleased analysts are not in a hurry. In their view, this growth is a direct consequence of the state program of tax benefits, which ended April 30, 2010.
Without government support, as well as on the background of high unemployment, which reaches about 10%, prices would be difficult to continue to rise, Reuters reported.
Analyst at Solaris Asset Management Tim Griscom prefer to see the information S & P / Case Shiller positive trend, especially since the "state statistics show that prices will stabilize or even rise a little."