September 22, 2009
Home prices up slightly in July
U.S. home prices rose 0.3 percent on a seasonally adjusted basis from June to July, the Federal Housing Finance Agency said Tuesday.
The agency downgraded its previous estimate from a 0.5 percent increase in June to a 0.1 percent increase.
Price adjustments varied across the country in July, reaching a high of 1.6 percent in the Pacific Census Division --- Hawaii, Alaska, Washington, Oregon, California -- and a low of minus 0.9 percent in the East South Central states of Kentucky, Tennessee, Mississippi and Alabama.