THE MILLION DOLLAR QUESTION: HAVE HOME PRICES BOTTOMED?
The April S&P/Case-Shiller Home Price Indices showed a monthly increase in home prices for the first time in eight months today.
On a month-over-month basis, the 10-and 20-City Composites were up 0.8% and 0.7% in April versus March. The chart below illustrates the annualized returns of the 10-City and the 20-City Composite Home Price Indices. In April 2011, the 10-City and 20-City Composites recorded annual declines of -3.1% and -4.0%, respectively.
