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.…