Standard and Poor's Case-Schiller Home Price Indices have been released today showing the 9th straight month of improved prices, but with an added amount of caution as to the immediate future of the market in general.  "The turn-around in home prices seen in the Spring and Summer has faded with only seven of the 20 cities seeing month-to-month gains, although all 20 continue to show improvements on a year-over-year basis. All in all, this report should be described as flat." says David M. Blitzer, Chairman of the Index Committee at Standard & Poor's.

The report adds, "Further, sales of existing homes - those included in the S&P/Case-Shiller Home Price Indices - have been very strong in recent months, working off the inventories of houses for sale. At the same time, housing starts remain weak, fears that the market will be swamped by a wave of foreclosures are heard and government programs aimed at the housing market will expire in the first half of 2010."

Read the report here.