Morning Minute: Case-Shiller reports continuing trend of rising home prices

Nineteen of the 20 U.S. metro areas tracked by the S&P/Case-Shiller home price index saw gains monthly gains in August compared to July, according to the report released today. Chicago saw a month-over-month gain of 0.7 percent in August, but year-over-year prices were down 1.6 percent. Read the S&P/Case-Shiller news release along with articles from the Chicago Tribune, “Chicago housing prices continue slow climb” and the Wall Street Journal, “A Look at Case-Shiller, by Metro Area.

“The sustained good news in home prices over the past five months makes us optimistic for continued recovery in the housing market,” said David M. Blitzer, Chairman of the Index Committee at S&P Dow Jones Indices.

In other news:

US home prices nationwide rise at faster pace in August, latest sign of housing recoveryWashington Post

Home Prices Continued to Rise in August 2012Bloomberg

Illinois Hardest Hit Program Helps 5,000th Homeowner Protect Home from Foreclosure ENews Park Forest

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