S&P Case-Shiller Shows Seasonal Improvement in Home Prices

The S&P/Case-Shiller Home Price Index is showing a second consecutive month of price increases in both the 10 city and 20 city composites.  Nashville is not one of the cities in the composite.  The index showed a 1% increase in May prices over April 2011.  Sixteen of the twenty MSAs showed positive monthly increases.  Detroit, Las Vegas and Tampa were all down and Phoenix was unchanged.  Most MSA are still down when you look at prices over the same month last year.

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