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WASHINGTON, DC-Washington DC housing prices posted a disappointing monthly return of 1.0%, according to S&P/Case-Shiller Home Price Indices. The increase was hardly emblematic of the nation as a whole, which has seen home prices steadily increasing in recent years. The National Index grew 7.1% in the second quarter and 10.1% over the last four quarters. The 10-City and 20-City Composites posted returns of 2.2% for June and 11.9% and 12.1% over 12 months.

“The Southwest and California have consistently led the recovery with Las Vegas, Los Angeles, Phoenix and San Francisco posting at least 15 months of gains,” David M. Blitzer, Chairman of the Index Committee at S&P Dow Jones Indices. He noted that New York recorded its highest monthly return since 2002 and that Atlanta was up the most at 3.4%.

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