FOXNews.com: Home prices rise in most major US cities for first time since last August

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Home prices rise in most major US cities for first time since last August May 29th 2012, 13:02 WASHINGTON –  Home prices rose in March from February in most major U.S. cities for the first time in seven months. The increase is latest evidence of a slow recovery taking shape in the troubled housing market. The Standard & Poor's/Case-Shiller home price index shows that prices increased in 12 of the 20 cities it tracks. Prices increased in Tampa and Miami — two of the hardest hit markets. Las Vegas — the nation's worst market — so no change in prices. Prices dropped sharply in Detroit, Chicago and Atlanta. The increases partly reflect the beginning of the spring selling season. The month-to-month prices aren't adjusted for seasonal factors. The overall index of 20 cities was essentially unchanged in March, after falling 0.8 percent in February.

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