Home prices rose in June as now-expired tax credits inspired a burst of home-buying. But demand has faded and prices are expected to fall through the rest of the year.
The Standard & Poor’s/Case-Shiller 20-city home price index released Tuesday posted a 1 percent increase in June from May and was up 4.2 percent from a year ago. Seventeen cities showed monthly gains.
Here’s a look at how the cities in the index performed compared with a month earlier and a year earlier.
—Minneapolis: Up 2.5 percent from May, up 10.7 percent from last year.
—Detroit: Up 2.5 percent from May, up 0.8 percent from last year.
—Chicago: Up 2.5 percent from May, down 0.1 percent from last year.
—Washington: Up 1.7 percent from May, up 7.3 percent from last year.
—Atlanta: Up 1.7 percent from May, up 2 percent from last year.
—Cleveland: Up 1.3 percent from May, up 0.8 percent from last year.
—New York: Up 1.3 percent from May, up 0.2 percent from last year.
—Boston: Up 1.2 percent from May, up 3.4 percent from last year.
—Dallas: Up 1.0 percent from May, up 1.2 percent from last year.
—Charlotte, N.C. : Up 0.7 percent from May, down 2.7 percent from last year.
—Denver: Up 0.7 percent from May, up 1.8 percent from last year.
—Los Angeles: Up 0.6 percent from May, up 9.2 percent from last year.
—Portland, Ore.: Up 0.5 percent from May, up 0.2 percent from last year.
—San Diego: Up 0.4 percent from May, up 11.2 percent from last year.
—Miami: Up 0.4 percent from May, up 1.1 percent from last year.
— San Francisco: Up 0.3 percent from May, up 14.3 percent from last year.
— Tampa, Fla.: Up 0.2 percent from May, down 1.6 percent from last year.
— Phoenix: Unchanged from May, up 6 percent from last year.
— Seattle: Unchanged from May, down 1.8 percent from last year.
— Las Vegas, down 0.6 percent from May, down 5.2 percent from last year.
