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August 29, 2012

Home prices post first 12-month gain since '10

  • Case-Shiller Home Price Index for Seattle is at a current level of 138.32 in June, up from 137.00 in May and up from 135.95 for June of 2011.
    AP Economics Writer

    WASHINGTON — U.S. home prices rose in June from the same month last year, the first year-over-year increase since the summer of 2010. The increase is the latest evidence of a nascent recovery in the housing market.

    The Standard & Poor's/Case-Shiller home price index released Tuesday showed a gain of 0.5 percent from June 2011.

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