Home Prices Showing Signs of Life
(AP) Home prices rose in August in half of major cities surveyed; a sign that prices are stabilizing in some hard-hit portions of the country.
The Case-Shiller index shows prices increased in August in 10 of the 20 cities tracked. That marks the fifth straight month that at least half of the cities in the survey showed gains.
The biggest price increases were in Washington, Chicago and Detroit.
Analysts warn that prices are certain to fall again once banks resume millions of foreclosures, delayed because of a yearlong government investigation into mortgage lending practices.