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Home prices rise for fourth month in a row

By Alan Zibel
Associated Press

WASHINGTON: Home prices rose slightly in September, the fourth straight monthly increases and a clear sign that the housing market's recovery is continuing.

The Standard & Poor's/Case-Shiller home price index of 20 major cities released today rose 0.3 percent to a seasonally adjusted reading of 144.96 in September. Prices rose month-over-month in 11 metro areas.

Industry experts, however, still worry that rising unemployment and foreclosures could stifle the rebound in prices.

WASHINGTON: Home prices rose slightly in September, the fourth straight monthly increases and a clear sign that the housing market's recovery is continuing.

The Standard & Poor's/Case-Shiller home price index of 20 major cities released today rose 0.3 percent to a seasonally adjusted reading of 144.96 in September. Prices rose month-over-month in 11 metro areas.

Industry experts, however, still worry that rising unemployment and foreclosures could stifle the rebound in prices.



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