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The 2010 Media Kit and Editorial Calendar for The Residential Specialist magazine is now available.

Home Prices Rose in May: S&P
Home prices rose in 1.3 percent from April to May, although the positive numbers may not be evidence of a sustained recovery, according to the latest S&P/Case-Shiller Home Price Index, which was released this morning. Compared to May 2009, the 10-City and 20-City composite indexes also posted gains of 5.4 percent and 4.6 percent, respectively. Annual growth rates improved from April to May in 15 of the 20 metropolitan areas tracked by the index.

“While May’s report on its own looks somewhat positive, a broader look at home price levels over the past year still do not indicate that the housing market is in any form of sustained recovery,” says David M. Blitzer, chairman of Standard & Poor’s index committee. While the market has improved from its April 2009 trough, “the last seven months have basically been flat,” he said.

San Francisco, San Diego and Minneapolis posted the biggest annual price increases in May, with gains of 18.3 percent, 12.4 percent and 11.6 percent, respectively. Las Vegas, Charlotte and Detroit posted the largest annual declines, with losses of 6.5 percent, 2.8 percent and 2.5 percent, respectively. Tue, Jul 27, 2010

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