U.S. housing recovery 'in full swing' as home prices soar in May

The closely watched Standard & Poor's/Case-Shiller home price index tracking 20 large U.S. cities rises 12.2% in May from a year earlier, the largest year-over-year gain since March 2006.Home prices shot up in America's largest cities in May, rising at a pace not seen since the bubble days, according to a closely watched gauge.