Housing Prices Up Aug 26, 2009

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Home prices across most of the U.S. have started to rise from the depths of the housing slump, according to the Standard & Poor's/Case-Shiller's U.S. National Home Price Index.

Case-Shiller's monthly index of 20 major cities also rose from May to June, with Dallas and Denver clocking their fourth-straight increase. Only Detroit and Las Vegas saw prices fall in June.

The U.S. National Home Price Index rose 1.4% from the first quarter to 133, though was still down almost 15% from the second quarter of last year.

The monthly index of 20 major cities increased 0.7% to 142 from May to June, the second straight month the index didn't decline. Yet it was still 15.5% below June a year ago.

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