The price of single family homes in the United States again recorded in May their biggest gain in annual terms in seven years, said Tuesday Standard & Poor’s ( S & P) , who said that these data indicate that the housing market ” continues to strengthen .”
The Case- Shiller , which prepares the firm to study the evolution of housing prices , index rose 12.2% in May compared with the same month last year in the twenty largest cities.
The advance was 11.8 % in the ten largest cities.
In both cases these increases are the largest recorded since March 2006, before the bursting of the housing bubble in this country, although experts had calculated a slightly steeper climb.
Moreover, when compared to the levels that were in April, prices of single-family homes in the twenty largest cities have advanced 2.4% and 2.5% in the top ten .
Two of the twenty cities surveyed by S & P , Dallas and Denver, in May reached levels not seen since they began developing this index, also before the peaks reached before the start of the housing crisis.
In annual terms , San Francisco registered the highest advance with 24.5 %, followed by Las Vegas ( 23.3%) , Phoenix ( 20.6%) and Atlanta ( 20.1%).
” The housing prices continue to strengthen ,” he said Tuesday in announcing this information the chairman Indices S & P , David Blitzer, who highlighted the changing trends shown in this report , as the case of Miami and Tampa , which ” is lagging behind compared to western cities . “
In any case, since hitting their peak in June and July of 2006, housing prices in both the 20 and the 10 largest U.S. cities accumulate a drop of 25% and 24% , respectively .