Case-Shiller: Home Prices Rise for First Time in 8 Months

home prices case shiller
home prices case shiller

Home prices in major U.S. cities have risen for the first time in eight months, perhaps boosted by an annual flurry of spring buyers.

The Standard & Poor's/Case-Shillerhome-price index reported Tuesday that prices rose in 13 of the 20 cities tracked. Washington, D.C., saw the biggest price increase, followed by San Francisco, Atlanta and Seattle.

Still, six metro areas are at their lowest levels in nearly four years. Those markets are: Charlotte, Chicago, Detroit, Las Vegas, Miami and Tampa.

Last month, home prices in big metro areas sunk to their lowest since 2002. Since the bubble burst in 2006, prices have fallen more than they did during the Great Depression.