The Standard & Poor's/Case-Shiller home price index of 20 major cities released Tuesday rose 1.2 percent from June. Though home prices are still 13.3 percent below July a year ago, they have risen for three months straight.
The index is down about 33 percent from the peak in mid-2006. Home prices are now at levels not seen since the third quarter of 2003.
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Builder Jean Gagnon cuts siding panels while completing a new home in Derry, N.H. last Tuesday. A closely watched index of home prices shows year-over-year improvement for the sixth month in a row and prices in all 20 cities rose from June to July.(A
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