By J.W. Elphinstone, Associated Press / Statesman.com

NEW YORK — Home prices across most of the country have started to rise from the depths of the housing slump, a crucial trend that might help stabilize the broader U.S. economy, according to figures released Tuesday.

Nationally, prices in the second quarter posted their first quarterly increase in three years, according to the Standard & Poor’s/Case-Shiller U.S. National Home Price Index of 20 major cities.

Home prices are still 30 percent below their mid-2006 peak and 15 percent lower than in the second quarter of 2008, but their new direction could bring relief to lenders and homeowners.

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