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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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Out Of Juvenile Corrections, Poems Of Fury, Loss — And Lingering Beauty

Over 1,000 students submitted their work for Words Unlocked, a poetry contest for juveniles in corrections. Two young poets split the top prize — and they've shared their poems with NPR.
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Farmers Wait, And Wait, For Guest Workers Amid H-2A Visa Delays

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Be Like Bernie: Sanders Looks To Spread His Political Wealth

He's beginning to expand his political network by helping upstart progressive congressional candidates and state legislators, lending his fundraising prowess and national fame to boost their bids.
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After Breast Cancer Diagnosis, She Channeled Her Ups And Downs Into Texts

NPR's Scott Simon talks with Natalie Sun about her project, textingwithcancer.com. The website won a Webby award, and documents her pessimism and optimism while undergoing chemotherapy.

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