Home Prices Post Gain

Housing is back! The Standard & Poor’s/Case-Shiller Home Price Indices, which measure home values in large cities, and across the nation, came in better than expected. Nationwide, home prices were up 1.2 percent in the second quarter of 2012 from the second quarter of 2011. And in June, home prices rose in each of the 20 major cities Case-Shiller surveys compared with May.