Wednesday, October 26, 2011

Private survey shows prices rose in 10 of 20 cities tracked, fifth straight month of gains

By Associated Press, Published: October 25

WASHINGTON — Home prices rose in August in half of major cities measured by a private survey, a sign that prices are stabilizing in some hard-hit portions of the country.
The Standard & Poor’s/Case-Shiller index showed Tuesday that prices increased in August from July in 10 of the 20 cities tracked. That marked the fifth straight month that at least half of the cities in the survey showed monthly gains.

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