Wall Street Journal (08/25/08) P. A2; Randall, Maya Jackson
Analysts anxiously are awaiting the release of reports that could indicate whether the housing market is showing signs of recovery, with existing-home sales data due on Aug. 25 expected to reflect a rise in numbers, but at the cost of a continued foreclosure epidemic. The Standard & Poor's/Case-Shiller home-price index will be issued the following day, and observers expect residential prices in each of the cities covered to show declines; however, some predict a slowdown in the rate at which prices are falling--particularly in California, Florida and other battered markets. The Office of Federal Housing Enterprise Oversight's June home-price data, the Commerce Department's July new-home sales report and The Conference Board's consumer-confidence index also are slated for release this week.
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