US House Prices Continue to Soar

U.S. house prices rose 1.1% in April, according to the S&P/Case-Shiller 20-City Index

Compared to the same period a year ago, prices rose 5.4%.

No city had a monthly decline, and before seasonal adjustment, all but six had stronger monthly increases in April than in March.

This is not what a recession looks like.

Here's a city by city breakdown via MarketWatch:

Metro	Monthly change	12-month change
Atlanta	1.3%	6.5%
Boston	1.5%	5.7%
Charlotte	1.7%	5.0%
Chicago	2.0%	3.1%
Cleveland	1.0%	2.9%
Dallas	1.3%	8.6%
Denver	1.4%	9.5%
Detroit	1.3%	5.7%
Las Vegas	0.6%	5.7%
Los Angeles	0.8%	5.9%
Miami	1.1%	6.4%
Minneapolis	1.9%	4.8%
New York	0.3%	2.6%
Phoenix	0.7%	5.5%
Portland	1.7%	12.3%
San Diego	0.8%	6.3%
San Francisco	1.5%	7.8%
Seattle	2.1%	10.7%
Tampa	0.9%	7.8%
Washington	1.8%	1.9%

 -RW