WASHINGTON, D.C. - Home prices rose slightly in September, the fourth straight monthly increase and a clear sign the housing market recovery is continuing.
The Standard & Poor's/Case-Shiller home price index of 20 major cities released today rose 0.3 percent to a seasonally adjusted reading of 144.96 in September. Prices rose month-over-month in 11 metro areas, a weaker showing than in recent months.
Compared with a year earlier, prices were down 9.4 percent, the smallest year over year decline since January 2008.
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