Seasonally adjusted housing price index slipped by 0.1 percent last month

Washington DC dominates the numbers with the only area showing an increase in prices over the last year. The next best was LA, which showed only a 2.1 percent decline, and the worst was Minneapolis, which saw a 11.1 percent decline. From MSNBC:

The latest monthly read on home prices from the Standard & Poor's/Case-Shiller home-price index, released Tuesday, was mixed at best. The index of prices in 20 cities was up 0.7 percent in April, the first increase since last July, but when adjusted for seasonal factors the index actually slipped 0.1 percent. . . .

Some regions remain mired in an ongoing price slide. While prices for middle and high-end homes have held up relatively well, house prices on the lower end of the market have been hit hardest. . . .

The numbers also tell the story of a very uneven recovery from one region to the next. Washington, D.C., for example, saw the biggest price increases, followed by San Francisco, Atlanta and Seattle. Prices have flattened out in Los Angeles and San Diego, but six other metro areas — Charlotte, Chicago, Detroit, Las Vegas, Miami and Tampa — fell to the lowest levels in the nearly four years. Since the housing market collapsed in 2006, prices have fallen more than they did during the Great Depression. . . .



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