Home prices rise in 20 major cities as buyers rush to obtain tax credit
A 3.8% increase in April compared with the same period last year is the third straight month of appreciation but analysts say prices are likely to drop again with the end of the tax credit. L.A., San Diego see gain of 0.7%.
Home prices in 20 major cities gained ground for the third consecutive month in April when compared with their year-earlier levels. But analysts warned that prices are likely to fall again as the effects of the federal tax credit begin to wane and that "consistent and sustained" improvement in housing may not appear until next year.