Home Prices Rose in Most Major Cities in August

U.S. home prices logged their third monthly increase in August, but a separate measure of consumer sentiment turned gloomier in October.

The S&P Case-Shiller indexes showed prices in 10 major metropolitan areas fell 10.6% in August from a year earlier but rose 1.3% from July. In 20 major metropolitan areas, home prices dropped 11.3% on the year but were up 1.2% from the previous month.

Compared with the previous month, only Charlotte, Cleveland and Las Vegas posted declines. Month-to-month gainers were led by Minneapolis, which posted a 3.2% gain, and San Francisco, which rose 2.8%. Cleveland fared worst, falling 0.5%.

Read Full Article from Wall Street Journal

- Posted: 2009-10-27 12:47:15

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