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Home Prices Keep Going Up

The S&P|Case-Shiller home price index was up 12.2% over the previous year, which represents the biggest year-over-year jump in prices since March 2006. All 20 of the markets monitored in the index had higher prices than they did in April. Prices have increased every month since June 2012 and each month the increase has been greater than the month before. Housing inventory remains low, there has been a resurgence of bidding wars, and the average days on market for a home has been on a steady decline. Additionally, while mortgage rates have been rising, they still remain near historic lows, making it a good time for buyers to move. To read the full article visit CNN Money.



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