S&P/Case-Shiller: Home prices rose in major metro areas in May

Home prices saw increases in the 20 U.S. cities — including Chicago — tracked by the S&P/Case-Shiller Home Price Indices. Said David M. Blitzer, Chairman of the Index Committee at S&P Dow Jones Indices, in a news release today:

“Home prices continue to strengthen. Two cities set new highs, surpassing their pre-crisis levels and five cities – Atlanta, Chicago, San Diego, San Francisco and Seattle – posted monthly gains of over three percent, also a first time event.”

See media coverage of the report:

Home prices rise most since 2006, pace cools: S&P/Case-Shiller – CNBC

Home Prices in U.S. Increased by Most Since 2006 in May – Bloomberg

Case-Shiller Shows Home Price Growth Slowing – U.S News and World Report

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About Stephanie Sievers

Stephanie Sievers is Associate Editor for the Illinois Association of REALTORS®. She serves as Associate 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.