Summary Box: Home prices

AP News
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Posted: Jun 28, 2011 4:01 PM
Summary Box: Home prices

PRICES RISE: Home prices in most major U.S. cities rose in April for the first time in eight months, boosted by an annual wave of spring buying. But the increases may be temporary.

INCREASES AND DECREASES: The sharpest increases were in Washington, D.C., followed by San Francisco, Atlanta and Seattle. But six areas hit their lowest levels in nearly four years: Charlotte, Chicago, Detroit, Las Vegas, Miami and Tampa.

TOO EARLY: David M. Blitzer, chairman of the Standard & Poor's/Case-Shiller home-price index committee, noted that it is "much too early to tell if this is a turning point."