US DATA: July S&P/Case-Shiller Home Price Index 20-city +1.6% NSA
(+0.4% SA) for +1.2% for the yr. “For the third consecutive month, all
20 cities and both Composites recorded positive monthly changes. It
would have been a fourth had prices not fallen by 0.6% in Detroit back
in April. The 10- and 20-City Composites posted annual returns of +0.6%
and +1.2% in July 2012, up from their unchanged and +0.6% annual rates
posted for June 2012. Fifteen of the 20 MSAs and both Composites posted
better annual returns in July as compared to June 2012. Dallas and
Washington D.C. saw no change in their annual rates; and Cleveland,
Detroit and New York saw their rates worsen in July.”