Home Prices Jump 12 Percent in May

Home Prices Jump 12 Percent in May

It is the biggest year-over-jump in prices since March 2006, near the peak of the housing bubble.
(CNN) Home prices in the United States rose 12.2 percent in May.

That's according to the Standard-and-Poor's/Case-Shiller Index.

It is the biggest year-over-jump in prices since March 2006, near the peak of the housing bubble.

Home prices in two cities - Dallas and Denver - reached record levels, surpassing peaks reached during the housing boom.
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