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Home Prices Rise At Best Pace In Seven Years

Led by more strong gains in Las Vegas, San Francisco, San Diego and Los Angeles, home prices in major U.S. cities were up just more than 12 percent on average in July vs. July 2012, according to the latest S&P/Case-Shiller Home Price Indices report.

The average increase was the largest since February 2006, Reuters adds, and is yet another sign that the housing sector is among the economy's strongest sectors.

But David Blitzer, chairman of the index committee at S&P Dow Jones Indices, suggests in the group's report that coming months may look less strong: "Following the increase in mortgage rates beginning last May, applications for mortgages have dropped, suggesting that rising interest rates are affecting housing."

More news about the economy is due at 10 a.m. ET, when the private Conference Board releases its look at where consumer confidence stood in September.

Update at 11:45 a.m. ET. Confidence Down Slightly:

The Conference Board says its consumer confidence index slipped to 79.7 in September from 81.8 in August.

Economist Lynn Franco, who directs the board's work on the index, says in its release that "concerns about the short-term outlook for both jobs and earnings resurfaced, while expectations for future business conditions were little changed."

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WAMU 88.5

Remains In Jamestown Linked To Early Colonial Leaders

Scientists from the Smithsonian's National Museum of Natural History and The Jamestown Rediscovery Foundation say they've identified four men buried in the earliest English church in America.
WAMU 88.5

The Democracy Of The Diner

Whether the decor is faux '50s silver and neon or authentic greasy spoon, diners are classic Americana, down to the familiar menu items. Rich, poor, black, white--all rub shoulders in the vinyl booths and at formica counters. We explore the enduring appeal and nostalgia of the diner.

WAMU 88.5

D.C. Council Member David Grosso

D.C. Council Member and Chair of the Committee on Education David Grosso joins us to discuss local public policy issues, including the challenges facing D.C. Public Schools.

NPR

Researchers Warn Against 'Autonomous Weapons' Arms Race

Already, researcher Stuart Russell says, sentry robots in South Korea "can spot and track a human being for a distance of 2 miles — and can very accurately kill that person."

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