S&P/Case-Shiller data through July 2009 shows U.S. home prices are still negative, but slowing in their rate of descent.
Home prices increased a seasonally adjusted 1.2% in July from June, but fell 12.8% for the 10-City index and 13.3% for the 20-City Composite. The monthly improved readings were improved for sixth month, beginning in early 2009. The monthly gains were the most in almost four years.
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S&P/Case-Shiller Home Price Indices
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More charts after the jump…
S&P/Case-Shiller Home Price Indices
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Breakdown by City
click for ginormous chart
chart courtesy of Calculated Risk
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