Case-Shiller Signals Return of ‘Normal’ Housing Recovery

TheStreet 3:13 mins

The S&P/Case-Shiller home price index rose 10.8% in April, marking its smallest 12-month gain in more than a year. S&P Dow Jones Indices chairman of the index committee David Blitzer tells TheStreet's Joe Deaux that the latest index reading suggests the housing sector is returning to a more normal recovery. Boston home prices rose 2.9%, the most in the 27-year history of the index, while San Francisco rose 2.3% -- it's sixth straight month of gains. However, the index showed that Cleveland, Las Vegas, Miami, Phoenix, San Diego and San Francisco reported lower returns in April than in March.

View Comments (0)