Case-Shiller: Housing Market Pressured by Prices

Affordability is beginning to drag on housing, and there is little price relief in sight, according to the latest S&P CoreLogic/Case-Shiller Indices, which found May prices rising steadily, at 6.4 percent year-over-year.
“Not only are prices rising consistently; they are doing so across the country,” says David M. Blitzer, chairman and managing director of the Index Committee at S&P Dow Jones Indices. “Continuing price increases appear to be affecting other housing stat