Summary Box: Home prices up in half of US cities

AP News
|
Posted: Oct 25, 2011 2:08 PM
Summary Box: Home prices up in half of US cities

PRICES STABLE: Home prices rose in August in half of U.S. cities tracked by the Standard & Poor's/Case-Shiller index.

WINNERS AND LOSERS: The biggest price increases were in Washington, Chicago and Detroit. The greatest declines were in Atlanta and Los Angeles. Cities in the Midwest have shown some strength since May.

GLIMMER OF HOPE: The August data provides a "modest glimmer of hope" that some areas could be turning around, the S&P said. But prices are certain to fall again once banks resume millions of foreclosures, which have been delayed because of a yearlong government investigation into mortgage lending practices.