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Case-Shiller index: 'Glimmer of hope' as home prices rise slightly

The closely watched Case-Shiller index of home prices in American cities rose slightly in August from the prior month. Prices of previously owned single-family homes rose 0.2% in August over July and, according to the Standard & Poor's/Case-Shiller index of 20 metropolitan areas. The index dropped 3.8% from the same month a year prior.

Senh: Hopefully, that means we've already hit the bottom, and things are moving up. Apparently, this is the fifth month in a row in which home prices have gone up, so that's the good news. The bad news is that economists are predicting drops in fall and winter, which makes sense since those are the slow periods for real estate.

Stock Futures Keep Gains after Home-Price Data

Dow futures were up 30 points. The S&P Case-Shiller home-prices indexes showed U.S. home prices decreased at a slower annual rate in October, but prices were flat compared to September.

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