Home prices in the United States rose slightly for the second consecutive month in May, but the real estate market still has a long way to go before a recovery, analysts said on Tuesday.
The private Standard & Poor’s/Case-Shiller index, a closely watched measure of home prices, was up 1 percent compared with April, according to the broadest measure of data tracking 20 cities. Prices rose in 16 of the cities; they fell in Detroit, Las Vegas and Tampa, Fla., and were unchanged in Phoenix..............................................Full Article: Source |