Average home prices increase 2.2% in May: Case-Shiller

Phoenix real estate recorded a 55.2 percent increase in house prices over the past 12 months, according to the latest data from the National Association of Realtors.

Average home prices in the United States increased 2.2 percent in May over April, according to the S&P/Case-Shiller Home Price Indices released Tuesday, July 31, 2012 by S&P Dow Jones. As of May 2012, average home prices across the U.S. are back to the levels where they were in spring 2003 for the 20-City Composite and to summer 2003 levels for.

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Data through May 2012, released today by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, showed that average home prices increased by 2.2% in May over April for both the 10- and 20-City Composites.

California’s housing affordability crisis isn’t going away “If we don’t have the affordable housing, we’re not as competitive,” Leslie said. Job recruiters see California’s housing crisis from both sides. “A hundred thousand dollars here isn’t going to go.

Case-Shiller Indices Show Home Prices Continuing to Rise in May 2012 Phoenix and Las Vegas home prices are still 50% and 60% below their 2006 peaks, and the national average price is about 33%.

Housing Bubble 2.0 - Case Shiller Numbers Released - Many Homes Still Underwater  · Written by Steven HansenThe non-seasonally adjusted S and P CoreLogic Case-Shiller home price index (20 cities) year-over-year rate of home price growth slowed from 2.7 %.

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Home prices continued to cool off nationally and across most major cities during the heart of this year’s homebuying season, according to the S&P CoreLogic Case-Shiller Indices. Nationally, home prices posted an annual gain of 3.5% in April. The 10-city and 20-city composite indices increased by 2.3% and 2.5% year over year, respectively. The national index and the 20-city index showed a marginally lower annual gain than in March, while the 10-city composite gain was slightly higher than.

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The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 6.4% annual gain in May, remaining the same as in the previous month.

The median home value in the United States is $226,800. United States home values have gone up 5.4% over the past year and Zillow predicts they will rise 2.5% within the next year.

U.S. Home Prices Up 2.2% in May Homes are selling faster in the majority of U.S. markets than they were a year ago, according to data recently released by Realtor.com. Ten areas in particular are.

“Within the last few months, there are beginning to be some signs that gains in housing may be leveling off,” said. “Across the 20 cities covered by S&P Corelogic Case Shiller Home Price Indices,