Home prices show continued strength in July

FHFA, Case-Shiller indexes post annual gains

Sixteen out of 20 metros tracked by a S&P/Case-Shiller home price index posted annual gains in July, with home prices up by an average of 1.2 percent from a year ago.

For the third month in a row, all markets tracked by the S&P/Case-Shiller 20-city composite posted gains from June to July. The 20-city composite was up 1.6 percent from June on a non-seasonally adjusted basis.