Case-Shiller Home Price Indices for May 2010

S&P has released their Case-Shiller Home Price Index for May 2010.

The annual growth rates in 15 of the 20 MSAs and the 10- and 20-City Composites improved in May compared to those reported for April 2010. The 10-City Composite is up 5.4% and the 20-City Composite is up 4.6% from where they were in May 2009.

To see solid analysis, graphs, go to Calculated Risk and EconomPic Data.

One needs to note these price increases are during the housing tax credit of $8,000. It's not until July that housing prices without subsidies will be known.

From the S&P press release: