Tuesday, July 28, 2009

Home prices increase from April to May

6:24 AM PDT, July 28, 2009

A widely watched index shows home prices posted their first monthly increase since the summer of 2006, indicating prices may be stabilizing.

The Standard & Poor's/Case-Shiller home price index of 20 major cities released today rose 0.5% from April, but was still 17.1% below May a year ago.

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