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Case Shiller Home Price Index Shows Rising Prices For May 2013
Case Shiller Home Price Index Shows Rising Prices For May 2013
The S&P/Case-Shiller Home Price Index (HPI) released Tuesday presented solid evidence that the housing recovery continued during the month of May.
The Case-Shiller 20-City Index showed increasing home prices for all 20 cities.
Highest Year-Over-Year Gains Included Theses Cities:
San Francisco, CA 24.50 percent
Las Vegas, NV 23.30 percent
Phoenix, AZ 20.60 percent
Atlanta, GA 20.10 percent
Los Angeles, CA 19.20 percent
In surprising news, Dallas, TX and Denver, CO posted record year-over-year price gains that surpassed their pre-crisis peaks.
Year-over-year home prices in Dallas increased by 7.60 percent and Denver home prices increased by 9.70 percent year-over-year in May.
Home prices grew by 12.20 percent on a year-over year basis in May; this reading fell short of expectations of 12.40 percent, but moved slightly ahead of April's reading of a 12.10 percent year-over year increase.
The Case-Shiller HPI is based on a three-month rolling year-over-year average of home prices in the cities surveyed.
Cities Post Month-To- Month Price Gains 
On a seasonally-adjusted month-to-month basis, home prices rose by 1.00 percent in May as compared to April. Expectations were for a ... more

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