U.S. home prices post first 12-month gain since 10

U.S. home prices post first 12-month gain since ‘10

By MARTIN CRUTSINGER The Associated Press
Published Aug 28, 2012 09:30AM MDT
Washington • U.S. home prices rose in June from the same month last year, the first year-over-year increase since the summer of 2010. The increase is the latest evidence of a nascent recovery in the housing market. The Standard & Poor’s/Case-Shiller home price index released Tuesday showed a gain of 0.5 percent from June 2011. The last time the year-over-year index increased was in September 2010. For much of that 12-month period, the government was offering a home-buying tax credit. The report ...
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