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San Francisco Leads Major Cities In Home Price Increase

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A home for sale in San Francisco

A sign is posted in front of a home for sale in San Francisco. (Justin Sullivan/Getty Images)

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The Standard & Poor’s/Case-Shiller 20-city home price index released Tuesday posted a 0.6 percent increase in July from June and was up 3.2 percent from a year ago. Twelve cities showed monthly gains. Seven recorded declines. Cleveland’s prices were flat.

San Francisco was the only city surveyed that has seen a double digit increase over the past year. San Diego and Los Angeles were among the other top performing markets.

Home sales were boosted by now-expired tax credits. The housing market has weakened since and price declines are expected in many markets into next year.

Here’s a look at how the cities in the index performed compared with a month earlier and a year earlier.

— San Francisco: Up 0.5 percent from June, up 11.2 percent from last year.

—Atlanta: Up 0.2 percent from June, down 0.2 percent from last year.

—Boston: Up 0.6 percent from June, up 2.8 percent from last year.

—Charlotte, N.C. : Down 0.2 percent from June, down 3.5 percent from last year.

—Chicago: Up 1.0 percent from June, down 1.7 percent from last year.

—Cleveland: Unchanged from June, down 0.6 percent from last year.

—Dallas: Down 0.3 percent from June, down 0.4 percent from last year.

—Denver: Down 0.4 percent from June, down 0.1 percent from last year.

—Detroit: Up 1.6 percent from June, up 1.3 percent from last year.

— Las Vegas, down 0.8 percent from June, down 4.9 percent from last year.

—Los Angeles: Up 0.3 percent from June, up 7.5 percent from last year.

—Miami: Up 0.7 percent from June, up 0.4 percent from last year.

—Minneapolis: Up 0.8 percent from June, up 6.4 percent from last year.

—New York: Up 1.3 percent from June, up 0.6 percent from last year.

— Phoenix: Down 0.6 percent from June, up 3.4 percent from last year.

—Portland, Ore.: Down 0.3 percent from June, down 1.2 percent from last year.

—San Diego: Up 0.7 percent from June, up 9.3 percent from last year.

— Seattle: Up 0.1 percent from June, down 1.6 percent from last year.

— Tampa, Fla.: Down 0.2 percent from June, down 3.2 percent from last year.

— Washington: Up 1.1 percent from June, up 6.5 percent from last year.

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