Standard & Poors released its May 2011 Case-Shiller Index this week. The index measures change in home prices from month-to-month, and year-to-year, in select U.S. cities.
May’s Case-Shiller Index showed a 1 percent increase from April 2011. Home values rose in 16 of the Case-Shiller Index’s 20 tracked markets. Only Detroit, Las Vegas and Tampa fell. Phoenix was flat. Hello, only Detroit, Vegas and Tampa… How incredible is that?
I’m absolutely blown away that a positive real estate report like this can be completely dismissed by the news, I read an article in the Tribune that actually made this sound like a NEGATIVE report. I guess misery sells because I’m not seeing anyway that much green is not good news! Let’s shout this from the rooftops and make sure clients are getting their fair share of good news as well.
Josh
