Home prices in the U.S. have now edged up for five straight months, one widely watched index shows.
Standard & Poor's/Case-Shiller Indexes, released this hour, signals that both its "10-City and 20-City composites posted their fifth consecutive monthly increase" in September, David Blitzer, chairman of the Index Committee at Standard & Poor's, said in a statement issued with the report.
Still, the gain from August was slight and home prices remain lower than they were a year ago.
The other major economic news of the morning: The Bureau of Economic Analysis says gross domestic product grew at a 2.8% annual rate in the third quarter — less than its previous estimate of 3.5% growth.
There's slightly better news for sellers.
Planet Money follows the economy here.
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