Topic: Home Prices are Improving in Ways that Trouble the Housing Market
Home prices are up in two leading economic indicators today, but instead of reacting positively, the housing industry remains troubled by the not-so-good news.
The 25-MSA Radar Logic residential property index (RPX) Monthly Composite for May finds that home prices increased 2.1% on a year-over-year basis, but adds that gains were not large enough to be described as a recovery.