Even with a seasonal uptick in the month of July, home prices are falling short of their levels a year earlier, according to data just released by Standard & Poor’s. Both the 20-city and 10-city composite readings of the S&P/Case-Shiller index rose 0.9 percent between June and July, but were down 4.1 percent and 3.7 percent, respectively, when compared to July 2010. Detroit and Washington, D.C. were the only metropolitan areas in the study to buck the annual trend.
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