Cliff Peskin


July 2010

It may be a touch premature to declare the U.S housing crisis over but it definitely looks like our partners to the South are over the worst.

American Home prices rose in May for the second straight month as more buyers waded into the market. The Standard & Poor’s/Case-Shiller 20-city home price index released Tuesday posted a 1.3 percent increase in May from April.

Nineteen of 20 cities showed price gains month over month. Minneapolis and Atlanta led the way with 2.8 percent and 2 percent increases, respectively. And San Diego posted its 13th straight monthly gain.

Las Vegas was the only city in the index to file a decline, with home prices now 56.4 percent below their August 2006 high.

As much as I like to see Canada doing better than the United States, I think the US housing crisis is getting old – its played.

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