There is no stopping U.S. home prices from rising thanks to ongoing housing supply shortages. Gains in San Francisco and Las Vegas are beginning to rival appreciation in Seattle.
The S&P CoreLogic Case-Shiller Composite-20 Index was reported Tuesday at 211.94 as of May. The closely watched barometer of home prices now stands at it highest index level ever.
A 0.7 percent increase from the preceding month was recorded for the index, while it has moved higher by 6.5 percent when compared to the same month a year ago.
Source: Mortgage Daily