Real estate price index rises 3.2% in July

S&P/Case-Shiller: Las Vegas hits new low

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A monthly Standard & Poor’s/Case-Shiller Home Price Index tracking 20 metro areas rose 3.2 percent year-over-year in July, with half of the markets showing decline.

Las Vegas had the largest year-over-year drop in July, according to the report, and that market has experienced a 57 percent decline since its peak in August 2006, with index drops in 44 of the past 46 months.