Personal Finance

Economic Report: Home-price gains accelerate in July as a reminder of the housing bubble stirs to life

Home-price gains picked up speed in July, led by some perennial hot spots and one surprise newcomer.

The S&P/Case-Shiller 20-city index rose a seasonally adjusted 5.8% in the three-month period ending in July compared with a year ago, and was up from 5.6% in the June period. Case-Shiller’s national index rose 5.9%, up from 5.8%.

For the month, both the national and the 20-city index rose an unadjusted 0.7%.

As has been the pattern, Seattle led the way, with prices rising 13.5% compared to the year-ago period. Portland, anothe…
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