Morning Minute: Case-Shiller finds home price gains after seven months of declines

Average U.S. home prices rose 1.3 percent in April compared to the month before, according to the latest Standard & Poor’s/Case-Shiller Home Price Index released Tuesday. The month over month increase was the first in seven months. In Chicago, April home prices were 1.1 percent higher than March, the Chicago Sun-Times reports.

In other news:

Battle brewing over foreclosures and whether Fannie Mae and Freddie Mac should be exempt from Illinois real estate transfer taxes. Read more in the Chicago Tribune.

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About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.