• June composite home prices reported in the S&P/Case-Shiller index were up from May, and May had been better than April, cheering market-watchers.
• The 20-city composite was up 2.3% in June, and the 10-city composite was up 2.2%. A third composite, a national one that is reported quarterly, rose 1.2% from the previous year, and that made it the first time two years that all three composites have shown gains at the same time.
• David M. Blitzer, who chairs the Index Committee at Standard & Poor's, was cheerful, saying, "We seem to be witnessing exactly what we needed for a sustained recovery; monthly increases coupled with improving annual rates of change."

From the article:

More positive news for housing this morning, with Standard & Poor’s Case Shiller report showing that home prices rose 2.2 percent and 2.3 percent in its 10-city and 20-city composite indices in June. ...