Tue, 24 Sep 2013 20:09:04 GMT
US home price index rises less than forecast
US home prices in major metropolitan areas increased by a lower rate than economists initially estimated in July, the annual rate matched the expectations though, Standard & Poor's reported on Tuesday. The S&P/Case-Shiller 20-City Composite Home Price Index added 0.6% on a monthly basis in July after it rose 0.9% in the month before.