Case-Shiller: Home prices jump in May

Home prices on the Case-Shiller 10-city Index rose 2.48 percent in May, and the 20-city index rose 2.44 percent over the same period.?The latest data is?continuing to?demonstrate?significant resiliency compared to past years.

By SoldAtTheTop,?Guest blogger / July 30, 2013

This chart shows the 10-City Case-Shiller Composite Index since 2000. Prices have recovered steadily since last year, but still remain well below peak 2006 levels.

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Today's release of the S&P/Case-Shiller (CSI) home price?indices for May reported that the non-seasonally adjusted Composite-10 price index rose a notable 2.48% since April while the Composite-20 index also increased 2.44% over the same period.?

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Writer, The PaperEconomy Blog

'SoldAtTheTop' is not a pessimist by nature but a true skeptic and realist who prefers solid and sustained evidence of fundamental economic recovery to 'Goldilocks,' 'Green Shoots,' 'Mustard Seeds,' and wholesale speculation.

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The latest CSI data is?continuing to?demonstrate?significant resiliency compared to past years, as prices remained stable through the typically slow winter and early spring period and now appear to be rising notably through the more active late spring period.?

The 10-city composite index increased 11.82% as compared to May 2012 while the 20-city composite increased 12.17% over the same period.?

Both of the broad composite indices still show significant peak declines slumping -25.01% for the 10-city national index and -24.39% for the 20-city national index on a peak comparison basis.?

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Source: http://rss.csmonitor.com/~r/feeds/csm/~3/i_6QluxAG-s/Case-Shiller-Home-prices-jump-in-May

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