Smashing Estate

According to a new study by Integrated Asset Services LLC, US home prices have rose 1.6% in May; however, they are still downward 10.5% year-over-year. The report found the highest gain in the Northeast, and prices went up 3.2%. But prices in the West just increased 0.9%, the nominal jump in the report, whereas San Francisco property prices rose 3% in May. On the other hand, House prices in the south drop in April, but increased 1.1% in May.

Denver based Integrated Asset Services is a private organization and concentrates in default mortgage services. President and CEO of Integrated Asset Services (IAS), Dave McCarthy thought the statistics encouraging, and told the data “hardly signals a turn in the national housing market.” The report said home prices in Las Vegas continue to drop and it was drop 0.9% in May.