July 2010 was the fourth straight month of home sale price increases according to Standard & Poor’s / Case – Shiller 20 City Home Price Index.
The June to July increase was 0.6%
In all, 12 of the 20 cities showed monthly price gains.
The greatest monthly price increases were in New York, Detroit and Washington where all three cities increased approximately 1%!
Nationally, home sale prices rose about 7% from the recorded bottom in April 2009.
More statistical evidence of a recovery with solid traction.