Case-Shiller: Home Prices Remain Lower but Stable

Home prices have risen since 2009, but those gains petered out after the homebuyer tax credits expired this year, according to the latest Case-Shiller Composite 20 home price index. Standard & Poor's, which publishes the index, also reported that home prices nationally rose 3.2 percent in July 2010 over the same month in 2009; in June, the index climbed 4.2 percent when compared to the previous June. Case-Shiller's composite index of 20 metropolitan areas slipped 0.1 percent in July 2010, as compared to June, believed to be a result of the expiration of homebuyer tax credits. Ten of the cities in the index register gains, while only one, Las Vegas, chalked up a new low.