Washington DC, San Fran, Atlanta see biggest gains
(AP) - Home prices in major US cities have risen for the first time in eight months, boosted by an annual flurry of spring buyers. Prices rose in 13 of the 20 cities tracked by the Standard & Poor's/Case-Shiller home-price index, according to the April report released today. Washington, DC, saw the biggest price increases, followed by San Francisco, Atlanta, and Seattle. The index, which covers metro areas that include about 50% of US households, rose 0.7%. It marked the first increase since July. The index measures sales of select homes in those cities compared with prices in January 2000 and provides a three-month average price. The April data is the latest available. More»