Industry NewsMarkets & Economy

Home-price indexes hint at turnaround

Case-Shiller, FHFA show gains in May, June
Published on Aug 25, 2009

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by CareyBot

Home prices rose 1.4 percent on average from May to June in 20 markets tracked by a Standard & Poor's/Case-Shiller home price index -- the second consecutive month-over-month increase in the 20-city composite.

Another home price index maintained by the government to track purcahases involving mortgages owned or guaranteed by Fannie Mae and Freddie Mac also showed home prices picking up in ...