The S&P/Case-Stiller composite index of 20 metropolitan areas gained 0.9% in May on a seasonally adjusted basis. This is the 4th consecutive month of positive momentum. In May, all 20 cities realized gains.
Non-seasonally adjusted figures rose even more at 2.2%. These leaps were beyond economists expectations, though we are not surprised, Town & Country Home Sales Reports. We have been discussing the signs showing our market has stabilized and are poised for appreciation.
Recovery is sweet!