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Home Prices Post Modest Gains in 2Q


September 1 — U.S. home prices rose modestly in the second quarter, says the latest report of the S&P/Case-Shiller Home Price Indices.

The U.S. National Home Price Index rose 4.4% in the quarter. The Index fell 2.8% in the first quarter of 2010.

As of the end of the second quarter, home prices were 3.6% above year-earlier levels, says a news release from S&P/Case-Shiller.

"Housing prices have rebounded from crisis low, but other recent housing indicators point to more ominous signams as tax incentives have ended and foreclosures continue," states the release.

Read and download the S&P/Case-Shiller news release here.