By: Mark Lieberman, Five Star Institute Economist
Home prices rose sharply in May, cutting the year-year drop in prices to 0.7 percent from 1.8 percent in April, Standard & Poor’s reported Tuesday in its Case-Shiller Home Price Index. Prices in the 20 cities surveyed rose 2.2 percent month-month, the strongest month-month gain since the 20-city index began in January 2000. read more
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