The S&P/Case-Shiller index showed home prices rose by 0.5% in June, compared with a year ago, to end a 20-month streak of declines. Home prices are still down by nearly 31% from their 2006 peak but have returned to mid-2003 levels. The rebound began to take hold months ago, as the number of homes for sale dropped sharply, especially as banks have listed far fewer foreclosures.
Home Prices Rise Modestly in June
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