Home Prices Alert: Values Rose 1.3% from Previous Month in May


Spring certainly sprang this year when it came to residential real estate values. For the second month in a row, home prices increased from April to May. The S&P/Case-Shiller 20-City index showed on Tuesday that 19 out of the 20 cities it tracks registered price gains for May, including Minneapolis (2.8 percent) and Atlanta (2 percent). Las Vegas was the only city in the index to file a decline, with home prices now 56.4 percent below their August 2006 high. Vegas is now a gamble in more ways than one.

More on AOL Real Estate:
Find out how to calculate mortgage payments.
Find homes for sale in your area.

Poll

With spring home buying season around the corner, will you consider buying?
Yes. Affordability is at a 30-year high, and I should be able to qualify for a mortgage.3077 (20.4%)
No, but I would if I could. Lending in my area is still tight, and I don't have that kind of cash on hand for a down payment.5156 (34.1%)
No, I'm holding out for an even better deal.2856 (18.9%)
Nope. It's a renter's life for me.4013 (26.6%)
AOL RealEstate on Facebook

Compare Mortgage Rates

Mortgage Rates by Zillow