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In 20 major US cities Home Price Index Index S&P/Case-Shiller declined in February by 3.49% as compared to February 2011.
The year-on-year decrease in the index became the smallest over the past 12 months. The headline figure dropped slightly deeper than projected - to 3.4%.
According to economists, a higher employment rate coupled with very low interest rates are perfectly sufficient to prompt economic growth in the USA; so, in this particular context, a situation on the national housing market does not matter that much.
An official report showed that in March the number of new home sales in the USA constituted 3 hundred and 28 thousand.
The actual reading of the New Home Sales indicator surpassed the predictions of 3 hundred and 21 thousand. Last month, the average price of a private house in the USA was 2 hundred and 34 thousand and a half.