Home prices rise again in May

According to a report issued by S&P Dow Jones Indices this morning, home prices rose in May — the second straight month they did so. The national increase averaged 2.2 percent, May over April, following a 1.3 percent increase, April over March.

In the New York area, which includes much of northern New Jersey, the numbers are 1.4 percent and 0.2 percent.

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