Wednesday, July 28, 2010

Case-Shiller Index: Existing Home Prices Rise 1.3%

According to the twenty-city Case-Shiller Index, existing home prices rose in May by 1.3% on a non-seasonally adjusted basis. The ten-metro area index rose by 1.2%. This was the second consecutive month of price appreciation. Of the twenty metro areas, only Las Vegas saw home price declines over the month. From a year prior, the ten-city index was up 5.4% and the twenty-city index was up 4.6%. This is a new cyclical high and is the fourth consecutive month for both indices where the year-over-year change was positive.

10.07.27 (Source: Standard & Poor’s)

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