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The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.
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House prices rise 0.8% in April, FHFA says

WASHINGTON (MarketWatch)
 U.S. house prices rose a seasonally adjusted 0.8% in April for the first gain since May of 2010, the Federal Housing Finance Agency said Wednesday, using home sales price information from Fannie Mae- and Freddie Mac-acquired mortgages.
Over the prior year, prices fell 5.7%, and are down 19.3% from an April 2007 peak.
Prices for March were revised to a decline of 0.4%, compared with a prior estimate of a 0.3% fall.
In April, prices rose in these Census divisions: Pacific up 1%, West South Central up 2.1%, East North Central up 1.4%, East South Central up 1.8%, New England up 2.2%, and Middle Atlantic up 1.3%. Prices declined in these divisions: Mountain down 1.3%, West North Central down 0.6%, South Atlantic down 0.2%. Over the prior year, prices are down in each of the Census divisions.

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