Rise in US house prices a "positive" development

The small month-on-month rise experienced in US house prices in May has been described as a "positive" step for the sector by one real estate expert.

Adam Samuel, director of Nubricks.com, said that it is too soon to tell whether this will develop into a consistent upturn, but welcomed the news that values are starting to climb.

His comments come after the latest Standard & Poor's/Case-Shiller index revealed that locations on the ten and 20-city composite indices increased by 1.1 and one per cent respectively in May compared to April.

However, all regions recorded a drop when compared to the same period in 2010.

Mr Samuel stated: "A lot of people are looking around and a lot of people are searching, but in regards to actually putting their money down and investing in the US market, I would say that things have remained fairly consistent over the last 12 months."

He did go on to point out that if enough investors enter the market, house prices will start to rise again.
 

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