Case-Shiller: Home prices edge up again in July

Both composites of the Case-Shiller Home Price Index showed increases in July, with the 10-City Composite up 0.6 percent year-over-year and the 20-City Composite up 1.2 percent. On an individual basis, 16 of the 20 metropolitan statistical areas (MSAs) recorded positive year-over-year change, according to data released Tuesday by S&P.

Phoenix saw the greatest growth from July 2011, with prices jumping 16.6 percent year over year. Month-to-month prices changed the most in Minneapolis, where they were up 3.7 percent from June to July.

Atlanta still showed the greatest decline in prices year-over-year at 9.9 percent. It was the first time in months, however, that its rate of decline fell below 10 percent. The other three cities that experienced negative annual change were Chicago (-0.9 percent), Las Vegas (-1 percent), and New York (-2.6 percent).

Month-to-month, the 10- and 20-City Composites rose 1.5 percent and 1.6 percent, respectively.

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