Wednesday, July 01, 2009

Home Price Slide Eased in April

The latest from a trailing indicator -- Standard & Poor's/Case-Shiller index -- is that the decline in home prices slowed in April in 20 major cities. The index numbers released today show that 13 metropolitan areas had price gains in April, led by Dallas, Denver and Cleveland, where prices rose 1% or more from the previous month. In some second home areas, prices continued to drop. Las Vegas prices fell 3.5% compared with March, while Phoenix prices fell another 2.2%

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