Case-Shiller: Home Prices Remain Lower but Stable
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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.
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