Home Prices Rise for 3rd Month

Case-Shiller index shows modest 1.6% increase in June
By Kate Seamons,  Newser Staff
Posted Sep 29, 2009 8:48 AM CDT
Charts show change in home price index for 20 cities
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(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.