An article in the LA Times this morning by Jim Puzzanghera illustrates that U.S. home prices rose 2.3% in June in the nation’s largest cities — the fourth straight monthly increase. “We seem to be witnessing exactly what we needed for a sustained recovery: monthly increases coupled with improving annual rates of change,” said David M. Blitzer, chair of the index committee at S&P Dow Jones Indices. “The market may have finally turned around.”

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