Good News on Home Prices

Good News on Home Prices

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solar-home.jpgHome prices in major U.S. cities rose for the second straight month in June in the latest sign the housing market may be steadying after years of declines.

The S&P/Case-Shiller index for home prices in 20 major cities in the three months ended June 30 was up 1.4% from its level in the three months ended May 31. It was the first time the index rose two months in a row since mid-2006. Prices gained in 18 of 20 cities, some of them very strongly. For instance, Cleveland rose 4.2% after rising 4.1% last month, so its yearly rate is now down only 3%.

(Read more in Wall Street Journal)

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