Great news 'Murica - your house has never been worth more than it was in May (according to Case-Shiller's national home price index).

On the slightly less silver-lining side of the equation, April's 0.28% gain in price was revised to 0.18% MoM drop and May's proint disappointed at just 0.1% rise MoM.

The 20-city property values index increased 5.7% y/y (est. 5.8%).

All cities in the index showed year-over-year gains, led by a 13.3 percent advance in Seattle, an 8.9 percent increase in Portland and a 7.9 percent gain in Denver.