US home prices were up 0.8% but government tax credits bolstered the housing market and incentives have expired.
Home prices unexpectedly climbed in April from March, driven by tax credit push. Signs of a sustained recovery have yet to emerge.
Today, post-housing crash, we are still seeing property markets continuing to move together as governments prop up deflating housing assets.
Two new reports show home values falling again. They could dip below last year's lows, some economists say.
The Case Shiller index rose 0.3 percent in January. Will the expected double dip in house prices be muted?
Hong Kong has untaken reforms to curb speculation about a pending real estate bubble.