Key data points:
• Home prices show increases of 2.5% and 2.4% for the 10- and 20-City Composites in May versus April.
• Dallas and Denver reached record levels surpassing their pre-financial crisis peaks set in June 2007 and August 2006.
• This is the first time any city has made a new all-time high.
• All 20 cities increased from May 2012 to May 2013 and from April 2013 to May 2013.
• In May 2013, the 10- and 20-City Composites posted annual increases of 11.8% and 12.2%.
• The Southwest and the West saw the strongest year-over-year gains.
• The overall report points to some shifts among various markets: Washington DC is no longer the standout leader and the eastern Sunbelt cities, Miami and Tampa, are lagging behind their western counterparts.
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Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.