Housing Prices Up More than Nine Percent
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iStock/Thinkstock(NEW YORK) — Home prices are going up, but not as fast as they were rising last year.
According to the S&P Case-Shiller Home Price Indices released Tuesday, house prices rose by just over 1% in May from the month before, and are selling more than 9% higher than this time last year.
Both the S&P/Case-Shiller 20-city index and the 10-city index showed slowing price growth in May with price increases of 1.1%, but declines of 0.3% after seasonal adjustments.
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