U.S. home-price index climbs 3.6% in Q2

S&P reports big gains in San Francisco, San Diego, Minneapolis

A quarterly index of national home prices in the second quarter showed improvement from both its first quarter and year-ago figures, according to the latest Standard & Poor’s/Case-Shiller National Home Price Indices report released today.

The indices, which are based on repeat sales of single-family homes over time, have a base value of 100, with levels above 100 representing the percentage of home-value appreciation since January 2000.

The U.S National Home Price Index rose 3.6 percent year-over-year in the second quarter to 138.03, and rose 4.4 percent from the first quarter of this year.