In the second quarter of 2011, national home prices rose 3.6 percent. According to the Standard & Poor’s /Case-Shiller home price index, prices were up in June from May in 19 of the 20 cities tracked. David M. Blitzer, chairman of the index committee at S&P Indices, said none of the analyzed cities made new lows in June and the majority of cities are seeing improved annual rates, though prices were down year-over-year. The largest monthly increases were found in Chicago, Minneapolis, Washington, and Boston. Twelve of the 20 metro areas have increased for three consecutive months. More here and here.

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