Home Prices Rose 5% YOY, Says S&P/Case-Shiller
New York, NY, April
28, 2015—Home prices in 20 U.S. cities rose 5% between February 2014 and
February 2015, a sign the housing market may be gaining momentum, according
to the S&P/Case-Shiller index of property values.
This comes on the
heels of a 4.5% in the year ended in January.
The increase in
values may persuade more homeowners to put their homes up for sale, relieving
the limited inventory in the market and encouraging prospective buyers.