Home Price Index Shows Gains in 20 Largest US Cities

Housing prices have now risen for the last year in more than half of major U.S. cities, marking a milestone in the historic housing collapse that set off the 2007-2009 recession and now may be nearing an end. The S&P/Case-Shiller home price index rose 2.2% in May, beating economists' forecasts, as all 20 of the nation's largest metropolitan areas posted gains from April.
August 1, 2012
 

Housing prices have now risen for the last year in more than half of major U.S. cities, marking a milestone in the historic housing collapse that set off the 2007-2009 recession and now may be nearing an end. The S&P/Case-Shiller home price index rose 2.2% in May, beating economists' forecasts, as all 20 of the nation's largest metropolitan areas posted gains from April.

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