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Home prices rise for first time in 7 months
http://money.cnn.com/2012/06/26/real_estate/home-prices/index.htm?hpt=hp_t2NEW YORK (CNNMoney) -- Home prices rose in April for the first time in seven months, though they are still near record lows, according to a report out Tuesday.
Average home prices increased 1.3% in April in 20 major markets, according to the S&P/Case-Shiller home price index. This comes after prices hit new post-bubble lows in March.
"It has been a long time since we enjoyed such broad-based gains," said David Blitzer, index committee chairman at S&P Indices. But, he added, "one month does not make a trend, particularly during seasonally strong buying months."