House prices in the US edged higher in July, with a 0.8% average rise between June and July, and a 4.1% rise year-on-year in July, according to new figures from the S&P/Case-Shiller 10-city index.West Coast cities appear to be supporting the market, with San Fransico recording the biggest rise, at 11.2%, followed by San Diego, up 9.3%, and Los Angeles, up 7.5%.

This weekend's featured open home is 209 Golden Gate Ave in Belvedere. Hosted by Valerie Castellana, of Alain Pinel Realtor's Central Marin office, this 4bd/4ba, 4603+/-sf home is set on 0.36+/-ac. Open this Sunday from 2:00-4:00 pm.

Despite recent bad news coming out of the housing industry, home prices are showing signs of stabilizing. National home prices jumped a substantial 4.4% in the second quarter, for a total of 3.6% in the past year, according to the S&P/Case-Shiller Home Price Index released on Tuesday. 20 metro areas tracked showed that prices gained in all markets but one. Fifteen of the 20 cities recorded 12-month price rises, with San Francisco leading the way. Its 14.3% increase was one of three cities posting double-digit gains.