While you were sleeping Solid US eco data

Tue, 26 Mar 2013

By Margreet Dietz March 27 (BusinessDesk) - Wall Street advanced as the latest US housing numbers confirmed expectations that the industry will sustain its recovery, underpinning optimism for the overall strength of the American economy. Residential real estate prices in 20 cities climbed 8.1 percent in January from the same time last year, posting the largest 12-month increase since June 2006, according to S&P/Case-Shiller data. And while a Commerce Department report showed that new home sales dropped 4.6 percent to a 411,000 annualised pac...

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