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Home prices dip 4.5% By Les Christie July 26, 2011: 10:04 AM ET NEW YORK (CNNMoney) — May home prices in 20 major cities dipped 4.5% from one year ago, marking a continued decline in the already battered housing market. The S&P/Case-Shiller report posted declines in both its 20-city composite and its 10-city index, which declined 3.6% year-over-year. But housing did show some signs of life in May. Home prices ticked higher for the second consecutive month following an eight-month slide. In May the 20-city index gained 1% compared with […]

More people bought new homes last month with new-home sales rising 7.3 percent, the Commerce Department reported on Tuesday. It was the second straight month that new-home sales were up. New-home sales rose to a seasonally adjusted annual rate of 323,000 homes in April, which is its highest level since December. However, overall sales for the year still remain well below what economists consider a 700,000 healthy pace for the new-home sector. The new-home market for the last five years has faced declines. It continues to battle against a glut […]

Nationally, median list prices are down 4 percent year-over-year, averaging $191,900, according to April housing data from Realtor.com of 146 markets. However, a handful of cities are bucking that trend and have seen list prices grow higher in the last year. Here are seven markets that have seen its median list prices grow higher over the past year: 1. Fort Myers-Cape Coral, Fla.: Up 25.7% year-over-year for median list price Median list price: $225,000 2. Miami: Up 8.64% Median list price: $239,000 3. Shreveport-Bossier City, La.: Up 8.13% Median list […]