Home Prices Up Quarterly and Yearly, Report Says

By Kerri Panchuk

Home prices grew from the previous rolling quarter and year-over-year in May, making it the first time in two years that both indicators have risen in the same period, asset valuation firm Clear Capital said.

The firm published its home data index market report, showing that the West, South and Northeast saw both quarterly and yearly price gains.

Truckee, Calif.-based Clear Capital uses rolling quarters to study home prices. It compares the most recent four months to the previous three months to give users a more timely look at market prices.

Read more on this story at HousingWire.

See more on HousingWire:

Home Prices Edge Upward in April: CoreLogic

RealtyTrac: Short Sales Hit 3-Year High in 1Q

Zillow: Nearly One-Third of Mortgaged Homes Underwater

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