Home Prices in 20 Cities See Largest Gain in Two Years

Home prices across the 20 metro areas tracked by the S&P/Case-Shiller composite index saw a 2% improvement in the year ended in August, the largest annual gain the index has seen since July 2010. The boost is good news for both housing and the broader economy, as noted by Bloomberg’s Lorraine Woellert who wrote that “the stabilization in home values is contributing to gains in consumer confidence that are helping underpin spending.” See the full story here.