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Home Prices Up 12.1% In April

Home prices rose by a record 12.1% for the year ending in April according to the S & P Case-Shiller index. From March to April of this year prices were up 2.5% for the index. All 20 cities making up the index showed positive year-over-year growth for a least 4 consecutive months. Inventory levels remain low, and mortgage rates are going up, both of which are expected to continue to drive home sales going forward. The real estate website Trulia is showing price increases almost everywhere across the country, with faster growth in the cities compared to the suburbs. To read more on the latest numbers visit USA Today.

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