Case-Shiller Home Prices Index

2009 June 30

June 30 2009

The latest Standard & Poor’s/Case-Shiller housing index numbers out today show the market falling less dramatically than it had been earlier in the year. The 10 and 20 city indices were both down 18% in April, versus the same month in 2008. But that decline was less severe than it had been in January, February and March.

“The pace of decline in residential real estate slowed in April,” says David Blitzer, Managing Director and Chairman of the Index Committee at Standard & Poor’s. ”Every metro area, except for Charlotte, recorded an improvement in monthly returns over March. While one month’s data cannot determine if a turnaround has begun, it seems that some stabilization may be appearing in a few of the regions.”

Phoenix (-35%)
Las Vegas (-32%)
San Francisco (-28%)
Denver (-4.9%)
Dallas (-5%)
Boston (-7.7%)
Dallas (-9.6%)
Phoenix (-54%)

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