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IAS Sees House Prices Gain 1.6% in May 

National house prices gained 1.6% in May, the largest month-on-month increase since July 2005, according to an index calculated by default management and residential valuation provider Integrated Asset Services (IAS). House prices are still down 10.5% since last year, but the latest IAS360 House Price Index recorded positive monthly numbers in all four US regions this month. The Northeast is up 3.2% since April, while the Midwest gained 1.9%, the South 1.1% and the West 0.9%.