Rising property prices and sales in US mask underlying unstability, it is claimed

[Nicholas Wallwork]

National property prices in the US increased 1.6% in May, the largest month-on-month increase since July 2005, according to the latest index to be published.

But experts are warning against any talk of a recovery in the real estate sector as the economic situation is still unstable.

The index from default management and residential valuation provider Integrated Asset Services is in line with other recent price ratings. Its shows positive monthly rises for all four US Regions. The Northeast was up 3.2% since April, the Midwest gained 1.9%, the South 1.1% and the West 0.9%.

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