Summary
Home prices increased in May for the first time since the summer of 2006, according to a widely followed index, providing more evidence that the decimated housing industry is finally beginning to stabilize after enduring its worst three-year stretch since the Great Depression.
Home prices increased in May in 13 of the 20 metropolitan markets tracked by the Standard & Poor's/Case-Shiller home price index, including Washington, where prices rose 1.3 percent.See the full content of this document
Extract
Home Prices Jump in May in a Sign of Stability
Prices also jumped 4.1 percent in Cleveland, 1.9 percent in Dallas, 1.6 percent in Boston, 1.4 percent in San Francisco and 1.3 percent in Denver.
"To put it in pe...See the full content of this document
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