home value: 16 of 20 Case-Shiller Cities Show Improvement In May
- 07/28/11 02:56 AM
<!-- .entry-meta --> Standard & Poors released its May 2011 Case-Shiller Index this week. The index measures change in home prices from month-to-month, and year-to-year, in select U.S. cities. May’s Case-Shiller Index showed a 1 percent increase from April 2011. Home values rose in 16 of the Case-Shiller Index’s 20 tracked markets. Only Detroit, Las Vegas and Tampa fell. Phoenix was flat. Don’t look too far into the findings, though. Like the FHFA’s Home Price Index, the Case-Shiller Index is rife with flaws. The first flaw of the Case-Shiller Index is its limited geography. Despite being positioned as a national … (0 comments)
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