The Standard & Poor’s/Case-Shiller index released Tuesday showed that home prices increased in July from June in 17 of the 20 cities tracked. In the Tampa-St. Petersburg-Clearwater metro area, prices increased a modest 0.8 percent from June to July. That followed a 2.2 percent increase from May to June.
The market, however, remains depressed, and prices in Tampa dropped 6.4 percent from a year ago. This is still a seasonal period of stronger demand for houses, so monthly price increases are expected,” said David M. Blitzer, chairman of Standard & Poor’s index committee.
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