According to Standard & Poor’s Case-Shiller Home Price Indices, prices rose 1.3 percent in May from April and 4.6 percent from 2009. But despite the improvement, David M. Blitzer, Chairman of the Index Committee at Standard & Poor’s, warned that a broader look at price levels over the past year shows no sign of sustained recovery. Blitzer said that, since the lows of April 2009, the housing market has stabilized at a lower level and has been relatively flat for the past seven months. More here, here, and here.