Case-Shiller: third month of price gains

Home prices rose for a third month consecutive month in July, and the rate of annual decline continued to shrink for the sixth month in a row, according to the S&P/Case Shiller home price indices published by Standard & Poor's.

An index tracking prices in 20 metro areas showed prices increased in 18, by an average of 1.6 percent on a non-seasonally adjusted basis. Looking back a year, the 20-city composite was down 13.3 percent -- a smaller drop than the 15.4 percent decline seen in June.

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