Today in your 60-Second Business Break: The San Francisco metro area has one of the nation’s two biggest gains in home values in July. YouTube reaches a deal with Warner Music Group. Microsoft has won support for Windows 7 from Intel and other corporate giants. A San Francisco real estate trust has bought two Silicon Valley data centers.

S.F.-area house values rise 3.3% in July

House values in the San Francisco metro area jumped 3.3 percent in July from the month before, a pace only exceeded by Minneapolis among the nation’s top 20 metro areas.

Year over year, though, single-family home values in San Francisco, San Mateo, Marin, Alameda and Contra Costa counties were down 17.9 percent, according to the monthly Standard & Poor’s/Case-Shiller Home Price Indices report released today.

Unlike monthly home sales data, the Case-Shiller indexes are designed to track the value of individual homes in a market, whether they’ve been sold recently or not.

Full story is available on SanJoe Mercury News