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Tuesday, July 28, 2009

Home price index of 20 cities in 1st monthly rise since 2006 - Jul. 28, 2009

Home price index of 20 cities in 1st monthly rise since 2006 - Jul. 28, 2009: "NEW YORK (CNNMoney.com) -- The value of U.S. homes grew on a monthly basis in May for the first time in nearly three years, according to 20-city index released Tuesday.

The month-over-month increase was 0.5%, according to the report from financial data company Standard & Poor's and economists Case-Shiller. It was the first increase in the monthly index since July 2006."

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