Case-Shiller index posts second straight increase

For the second month since recording an official double-dip in US home prices, the S&P/Case-Shiller index has posted an uptick.

Data released Tuesday by Standard & Poor’s shows that 16 of the 20 metros included in the study and both composites reported positive monthly increases.

The 10- and 20-city composites were up 1.1 percent and 1.0 percent, respectively, in May over April.

Detroit, Las Vegas, and Tampa were down over the month and Phoenix was unchanged.