S&P/Case-Shiller Up 3.6% in 2Q, Down 5.9% from Year Ago

From RealTrends.com: The average price of a single-family home rose 3.6% in the second quarter after dropping 4.1% for the first three months of 2011, according to the Standard & Poor’s/Case-Shiller index. The closely watched home price index declined 5.9% for the three months ended June 30 from a year earlier, when the federal homebuyer tax credit expired. Home prices are back at levels last seen in early 2003.