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Report: Third month in a row for rising home prices
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Published: October 27, 2009
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TAMPA - Local and national home prices saw monthly increases in August, marking the third consecutive month for increases and pointing to more signs of stabilization, according to The Standard & Poor's/ Case- Shiller's U.S. National Home Price Index, released Tuesday.
Prices are still down significantly, though, compared to last year.
Prices in the Tampa metro area rose 0.4 percent from July to August. That's after increases of 1.4 percent and 0.4 percent the previous two months. Tampa area prices are still down 17.7 percent compared to the same month last year.
Nationally, home prices also rose for the third straight month in August. While prices are down 11.4 percent from August a year ago, the annual declines have slowed since February.
The index showed widespread turnaround with prices rising month-over-month in 15 of the 20 metro areas tracked.
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