Case-Shiller HPI: Prices Fall Again in July

House prices fell another 0.9% in July and prices are down 16.3% over the past 12 months, according to the Standard & Poor's/Case-Shiller housing price index. Despite the downward trend, the 20-city HPI shows an uptick in monthly house prices in nine cities. "While some cities did show some marginal improvement over last month's data, there is still very little evidence of any particular region experiencing an absolute turnaround," S&P's David Blitzer said. Prices have risen in Atlanta, Boston, Dallas, Denver, and Minneapolis for three months or more. The Office of Federal Housing Enterprise Oversight reported Sept. 23 that home prices fell 0.6% from June to July on a seasonally adjusted basis. The S&P/Case-Shiller index can be found online at http://www.homeprice.standardandpoors.com.