Most Cities Show Improvement in April
According to the latest S+P/Case-Shiller home price index, the annual rate of decline continued to slow in the housing market, with the 20-city index down 18.1 percent year over year in April, but off the January low of 19.0 percent.
Dallas, Denver and Cleveland had the strongest monthly performances from March to April, up 1.7, 1.5 and 1.2 respectively. Las Vegas and Phoenix were the weakest, with prices falling 3.5 and 2.2 percent. The index showed that prices are at parity with he middle of 2003.
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