REUTERS/Mike Blake
Single family homes for sale are seen in San Marcos
The latest S&P/Case-Shiller home price index showed home prices rose 0.34% in September, roughly in-line with expectations for a 0.3% increase.
Year-over-year, home prices rose 4.9%, better than the 4.6% that was expected but down from the last report's 5.6% increase.
These gains, however, still show what the release called a "broad-based slowdown for home prices."
As of September, the average home price for the 20-city Case-Shiller index is back to levels seen in the fall of 2004, and still about 15% below the 2006 peak.
More to come ....