Home prices climb as housing market gives more signs of a bottom
Today’s release of the S&P/Case-Shiller index of home prices in 20 U.S. cities showed prices climbing by 0.5% in June from June 2011. This follows a 0.7% year over year decline in May and marks the first year over year increase in prices since September 2010. Economists had projected that the index would drop by 0.05% year over year in June.