Despite the end of the federal tax credit, housing conditions across most of the country improved in May, according to a new S&P/Case-Shiller Home Price Indices report.

Massachusetts fared pretty well, with home prices increasing about 1.6 percent month-to-month and 4.8 percent year-over-year. The report tends to confirm what Banker & Tradesman is also reporting (see posts below).

The big shocker in the S&P/C-S study: San Francisco’s prices have soared 18.3 percent over the past year.