U.S. home prices rebound in Q2: report

Home prices rose 4.4 percent in the second quarter of 2010, after falling 2.8 percent in the first quarter, according to Standard & Poor’s Case-Shiller National Home Price Index, which was released today. Nationally, home prices are 3.6 percent above the levels of the previous year. In New York, prices in June saw a 1.3 percent month-over-month increase from May. Though housing prices have rebounded from crisis lows, other recent housing indicators point to more ominous signals as tax incentives have ended and foreclosures continue, according to S&P’s. TRD

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