This past May showed, for the first time in close to three years, home prices first monthly increase since 2006 which is an indication that prices may be finally stabilizing.
Tracking the numbers is the Standard & Poor's/Case-Shiller home price index and they have found that home prices in 20 major cities around the nation rose by 0.5 percent from April to May. Among the top thirteen cities on this list were Cleveland, Dallas and Boston with each showing the best monthly increases.
May was the fourth month in a row that indicated slowing price declines.
It's felt that sustained home price appreciation may not be completely seen for some time, but, these home price indexes are a sign of better times to come.