The oil boom that lifted home prices in Texas, Oklahoma and Louisiana is coming to an end. But history shows that it takes time for home prices in oil country to change course.
U.S. home prices jumped 12.2 percent in May compared with a year ago, the biggest yearly gain since March 2006. The increase shows the housing recovery is strengthening.
Home prices rose in nearly all U.S. cities last month, the latest evidence of a steady recovery in housing.