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Homes.com index adds to signs of housing recovery

Homes.com has made its contribution to the growing body of evidence pointing to a housing recovery with its Local Market Index, which uses home pricing data for the period ending May 2013, and corresponding Rebound Report.

Single-family properties were up in 83 of the top 100 markets, with New Orleans-Metairie-Kenner, La. showing the largest month-over-month gains at +6.09 index points. 

Though all 100 markets posted gains last month, the company says these month-over-month changes were negligible compared to progress on a year-ago basis. Compared to last year's figures, all 100 markets improved, with three of the top five concentrated in California. The most notable year-over-year forerunner is Honolulu, Hawaii.

Meanwhile, the Rebound Report data for May 2013 pointed to a full recovery in 19 U.S. markets, compared to last month's 14. Approximately 39% of markets have recovered halfway or more.

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