Home Prices Rise Again in July

Washington, DC, Sept. 25, 2012 -- U.S. home prices rose in July for the fourth straight month to reach their highest level in nearly two years, according to the S&P/Case-Shiller 20-city composite index.

The measure posted a 1.6% increase in July after a 2.3% advance in June. And home prices are now up 1.2% compared to one year earlier.

For the third month in a row, all 20 cities in the index recorded prices increases.

Despite the recent increase in prices, homes still sell for about 30% less compared to the market's 2006 peak.


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