( The prices of single-family homes in 20 major cities rose a not-seasonally adjusted 1.4% in June, the second increase in a row after falling every month for three years, according to the Case-Shiller home-price index released Tuesday by Standard & Poor’s.
Prices rose in 18 of the 20 cities in June. Only Detroit and Las Vegas saw prices falling in June from May. In the past year, prices are down in all 20 cities.
Prices rose 0.5% in May from April.
After seasonal adjustments, prices rose 0.8% in June and were flat in May. (MarketWatch)
Home prices rise for second month in a row, up 1.4%
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