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Wednesday, May 22, 2013 | 12:26 p.m.

Updated: 1:59 p.m. Tuesday, Aug. 31, 2010 | Posted: 1:59 p.m. Tuesday, Aug. 31, 2010

Home Prices Up 1 Percent In June

WASHINGTON —

Home prices rose in June for the third straight month amid a burst of home-buying due to tax incentives that have since expired.

The Standard & Poor's/Case-Shiller 20-city home price index posted a 1 percent increase in June from May and was up 4.2 percent from a year ago. Home prices nationally were up 4.8 percent in the second quarter compared with the first quarter, largely due to government tax credits of up to $8,000 that caused sales to surge.

Seventeen cities showed price gains from the previous month, including Cleveland. Its home prices were up 1.3 percent.

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