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Monday, July 2, 2012

Home Price Index Climbs in April

An index of home values in the nation’s largest cities increased in April over March after seven months of consecutive declines.

Home prices

The Standard & Poor's/Case-Shiller index, a measure closely followed by economists, increased 1.3% month-over-month but was down 1.9% compared with April 2011.

Almost every city managed to post a month-over-month gain. Detroit was the only city out of the 20 followed by the index that fell, down 3.6%.

View the full article here.


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