Index shows US home prices increase from 1Q to 2Q

Home prices posted their first quarterly increase in three years, signaling the housing market has turned a corner. The Standard & Poor's/Case-Shiller's U.S. National Home Price Index released Tuesday rose nearly 3 percent from the first quarter to 133, though that reading is still down almost 15 percent from the second quarter last year. Home prices are at levels not seen since early 2003. Prices have fallen 30 percent from the peak in the second quarter of 2006.

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