Home Prices Rise for 6th Month

U.S. home prices increased for a sixth straight month in July in the latest sign of a sustainable housing market recovery. The S&P/Case Shiller composite index of 20 metropolitan areas rose 0.4% in July on a seasonally adjusted basis. Economists had expected a gain of 0.9%, which would have matched June’s advance. Case Shiller is one of the most closely watched barometers of the U.S. housing market.

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