Monday, August 6, 2012

Home Price in Major Cities Increased in May

The Stand & Poor's/Case-Shiller home price index, released last Tuesday, said that there were price increases in all of the 20 cities the index tracks and that nationally the prices rose 2.2 percent from April to May. This was its second increase after seven months of flat or lowered prices. The biggest price changes occurred in Chicago, Atlanta, and San Francisco. The index has decreased 0.7 percent since May of last year, which is the smallest decline since September 2010. As a point of comparison, the April 2012 year-over-year comparison showed a 1.8 percent decline.

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