Housing Market, Home Prices | featured news

U.S. single-family home prices rose in May from April, the first monthly increase in nearly three years, suggesting prices may be stabilizing, according to Standard & Poor's/Case Shiller home price indexes on Tuesday.

Slower rate suggests some parts of the housing market could be stabilizing, index shows.

Home prices continued their multiyear tumble in March, as the S&P Case-Shiller national index posted a 19% drop in the first quarter from a year earlier.

US house prices continued to fall in February, but the rate of decline in some markets is slowing, a leading index says.

A widely watched index shows American home prices dropped by the sharpest annual rate on record in January.

A widely watched home price index, released Tuesday, showed prices tumbled by the sharpest annual rate on record in the fourth quarter and in December.

Prices of existing U.S. single-family homes dropped a record 12.4 percent in the fourth quarter from a year earlier to the lowest level since 2003, the National Association of Realtors said on Thursday.

Sales of existing homes posted an unexpected increase last month, closing out the worst year for the U.S. real estate market in more than a decade on a surprising up note.