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Home Prices Rise for 3rd Month

Case-Shiller index shows modest 1.6% increase in June

By Kate Schwartz, Newser Staff

Posted Sep 29, 2009 8:48 AM CDT

(Newser) – In another sign the housing market is stabilizing, home prices climbed 1.6% in July, the third consecutive month they have risen, according to the S&P Case-Shiller home-price index of 20 major cities. Though they're down 13.3% compared with this time last year, the year-over-year declines still beat expectations. Las Vegas and Seattle were the exceptions to the increases, the Wall Street Journal notes.

Charts show change in home price index for 20 cities

In this June 24, 2009 photo, a house for sale in San Francisco. US home prices rose for the third month in a row in June, according to the Case-Shiller index. (AP Photo/Jeff Chiu)

In this Sept. 11, 2009 photo,a pending sale is shown in Wayland, Mass. A government index shows home prices rose slightly in July from June, further evidence the housing market is stabilizing. (AP Photo/Bill Sikes)

Chart shows June's Case-Shiller Composite 20 Home Price Index for the past 13 months

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Home Prices Rise for 3rd Month

Case-Shiller index shows modest 1.6% increase in June

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$26B Mortgage Settlement a 'Modest' Help: Experts

Many struggling homeowners not covered in deal

Banks Ink $26B Deal to Help 2M Homeowners

49 states sign on to deal with nation's top 5 banks

Freddie Mac Bet Billions Against Homeowners

Has financial stake in limiting refinancing for struggling people

Finally, Sun Through the Economic Clouds

Thanks to improving housing market, private debt: Paul Krugman

Great Time to Buy? This Renter Says No Thanks

Need for mobility trumps low prices: Justin Martin

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Home Prices Rise for 3rd Month

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OTHER STORIES ON OUR RADAR

housing market • home prices • Case Shiller price index

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

$26B Mortgage Settlement a 'Modest' Help: Experts

Many struggling homeowners not covered in deal

Banks Ink $26B Deal to Help 2M Homeowners

49 states sign on to deal with nation's top 5 banks

Freddie Mac Bet Billions Against Homeowners

Has financial stake in limiting refinancing for struggling people

Finally, Sun Through the Economic Clouds

Thanks to improving housing market, private debt: Paul Krugman

Great Time to Buy? This Renter Says No Thanks

Need for mobility trumps low prices: Justin Martin

About Us

Site

Newser By Users

Community

Site Maps

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More News

What is Newser?