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Good news! Home prices rise in May

Posted Jul 29th 2009 12:00PM by Connie Madon (RSS feed)
Filed under: Economic Data, Personal Finance, Housing, Recession

Here's some good news. Home prices unexpectedly rose in May according to the Case Shiller index that measures changes in home prices.

Some 13 of 20 metropolitan areas saw the biggest monthly gains. The four highest were Cleveland, San Francisco, Dallas, and Chicago.

Concerning the change in dynamics, David Blitzer, chairman of the committee at Standard & Poor's, which publishes the Case Shiller index, said: "This could be an indication that home price declines are finally stabilizing."

Continue reading Good news! Home prices rise in May

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Last updated: May 26, 2012: 08:38 AM

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