Tag Archives: S&P/Case Shiller Home Price Indices

Home prices in the United States rose in May on both a month-over-month and year-over-year basis, Standard & Poor's reported Tuesday. The S&P/Case Shiller 20-city home price composite increased 1.2 percent between April and May and 4.6 compared to a year ago. The gains posted in the latest installment of the closely watched index were much larger than the market expected, but analysts warn that the plus-signs are only making a temporary showing, reflecting a strong spring selling season and the residual effects of the homebuyer tax credit.

A recent study published by the New York Federal Reserve says that lax lending standards were not the air that inflated the market’s latest housing bubble and propelled the nation into an economic tailspin.