The S&P/Case-Shiller Index, a leading indicator of U.S. housing prices, showed a 0.9% rise in home prices in July 2011 compared with the previous month for both its 10- and 20-city composites. This is the fourth consecutive month of increases for both indices.
In July 2011, the 10- and 20-City Composites recorded annual returns of -3.7% and -4.1%, respectively.