Housing prices across the nation continued to decline in April, according to the benchmark S&P/Case-Shiller Home Price Index, however the pace of decline moderated with some metro areas posting positive gains.
According to the Case-Shiller Index, home prices in the 20-city index fell 0.6% in April while home prices fell by 18.1% compared to the same period a year ago.
While a decline of home prices by 18.1% might be considered horrendous by any account, the pace of the decline has moderated considerably since record 19.4% decline in January.
“While one month’s data cannot determine if a turnaround has begun; it seems that some stabilization may be appearing in some of the regions,” said David Blitzer, chairman of the committee that oversees the index, said in a statement. - Fox News Story
I find this so fascinating. Just last Month, My City decided to send everyone a letter letting us know that we have all been re-accessed. My house has grown in value by $60,000 in the past 5 years. Pretty damn good since every house in my neighborhood is selling for far less than what they paid for it in the past 5 years.
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