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Real Estate


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October 28, 2009

Home prices rise in most major cities

  • But not everywhere. Prices in Las Vegas, Seattle and Charlotte, N.C., all fell to their lowest levels in August.
    • By J.W. ELPHINSTONE
    AP Real Estate Writer

    NEW YORK — Home prices rose for the third straight month in August, a key ingredient for a broad and sustained housing recovery.

    The Standard & Poor's/Case-Shiller home price index of 20 major cities climbed 1 percent from July to a seasonally adjusted reading of 144.5. While prices are down 11.4 percent from August a year ago, the annual declines have slowed since February.


     
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