Case Shiller Price Index Up

"The prices of single-family homes in 20 major cities rose a 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." (Market Watch)

Fully 18 of 20 markets in the Case Shiller Home Price Index showed a rise in prices, demonstrating that the trend is broad-based. Only Las Vegas and Detroit saw declining overall prices in June. Nevertheless, on a year-over-year basis prices still are off by a considerable margin, 15.1% for the Composite-10 index and 15.4% for the Composite-20. (Seeking Alpha)

In the Washington, DC area prices were up 2.2% (seasonally adjusted) in June compared to May; Annually prices are down 11.8%.

For more info:

• Case Shiller Home Price Index (Standard & Poor's)
• Case-Shiller House Price Index Increases in June (Calculated Risk)