Home prices rise in May

July 28th, 2010

Figures for home prices released on Tuesday show a slight increase in values for the month of May compared to April. Compared with 2009 values in the same time period the price increase is more significant. Can we expect home values to continue to increase? Will housing begin to pull the economy up instead of down? For those using mortgage calculators to figure payments and costs for a refinance or purchase mortgage, how will you be impacted?

S&P/Case Shiller Home Price Indexes

Every month Standard & Poors releases its S&P/Case Shiller Home Price Indexes which compare home prices in major markets across the country. The report has two main components, the 10 City Index which measures home prices in ten metropolitan areas which was the original basis for the report, and a 20 City Index in which ten additional metropolitan areas were added.

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