The housing recovery continues to pick up steam, as home prices jumped in April, and new home sales hit a five year high in May.
But a recent increase in mortgage rates could soon put the brakes on housing.
The S&P/Case-Shiller home price index was up 12.1% in April, compared to a year ago, in the 20 top real estate markets across the nation. That was the biggest annual jump in prices in seven years. Prices climbed 2.5% from March, posting the biggest one-month rise in the 12-year history of the index.
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