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A home for sale in Los Angeles last month.
Kevork Djansezian/Getty Images
A home for sale in Los Angeles last month.
Home prices rose in July from June by 1.5 percent in its 10-city index and 1.6 percent in the 20 major cities where it tracks changes, the latest SP/Case-Shiller Home Price Indices report shows.
According to the report:
“For the third consecutive month, all 20 cities and both composites recorded positive monthly changes. It would have been a fourth had prices not fallen by 0.6% in Detroit back in April.”
“All in all, we are more optimistic about housing. Upbeat trends continue,” says economist David Blitzer, the chairman of the index committee at SP Dow Jones Indices.
Article source: http://www.npr.org/blogs/thetwo-way/2012/09/25/161737280/more-positive-news-on-housing-prices-rose-for-third-straight-month?ft=1&f=1001