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Home Prices in U.S. Increased by Most Since 2006 in May

Posted by Bonnie Martin Designated Broker on Thursday, August 1st, 2013 at 9:14pm.

Home prices rose in May by the most in more than seven years as the recovery in U.S. residential real estate gained momentum.

The S&P/Case-Shiller index of property values climbed 12.2 percent from May 2012, the biggest 12-month gain since March 2006, after advancing 12.1 percent a month earlier, a report showed today in New York. The median projection of 31 economists surveyed by Bloomberg called for a 12.4 percent advance.

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