Home prices show signs of recovery
Published June 24, 2008 by CSBJ Staff
Home prices in 20 metropolitan areas fell during April by the most on record, declining 15.3 percent from a year earlier, according to the S&P/Case-Shiller home-price index.
All of the 20 cities in the index showed a year-over-year decrease in prices for April, led by a 27-percent drop in both Las Vegas and Miami.
However, there was some cause for optimism, since houses in eight of the twenty metropolitan areas rose in value, compared to the previous month.
In the Denver metropolitan area, the index declined to 128.49 from 134.86 a year earlier, but improved from the previous month’s 127.43.
Filed under CSBJ Daily, Housing Market