Home Prices Increase 6% in May: In the May 2014 Residential & Foreclosure Sales
Report that U.S. properties sold at an estimated annual pace of 5.1 million in May. The pace of sold homes remained virtually unchanged from April, with a small increase of less than 1 percent from May 2013. Higher price ranges are seeing a growth and an increase in market share. Prices in every price range above $200,000 increased as a share of total sales, both monthly and yearly. Increases were 'generally higher' in the higher price ranges. Watch Nineveh Dinha talks with Grant Whitaker from the Utah Housing Corporation about how the Salt Lake City Housing Market has made a 100-percent rebound.
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