Case-Shiller Posts Second Straight Increase


For the second month since recording an official double-dip in home prices, the S&P/Case-Shiller index has posted an uptick. Data just released by Standard & Poor’s shows that 16 of the 20 metros included in the study and both composites reported positive monthly increases. The 10- and 20-city composites were up 1.1 percent and 1.0 percent, respectively, in May over April. Both readings were down on an annual basis.

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