The S&P/Case-Shiller home-price indexes, a closely watched gauge of U.S. home prices, show declines continued to get steeper in April, with every region surveyed now showing year-over-year drops.
But in what may be a small sign that things are at the brink of a turnaround in some areas, three of the major metropolitan areas studied — while still posting negative annual figures — did show some improvement over the declines reported last month. And eight of the 20 metro areas covered showed home-price growth in April from March.
Boston; Charlotte; Chicago; Cleveland; Dallas; Denver; Portland, Ore.; and Seattle were able to avoid April-over-March price drops, led by 2.9% growth in Cleveland and a 1.1% increase in Dallas. Charlotte and Dallas are the only two metros to have two consecutive months of month-to-month growth.
Miami and Phoenix were the worst performers month-to-month, each with negative returns in excess of 3%.
David M. Blitzer, chairman of Standard & Poor’s index committee, said, “There might be some regional pockets of improvement,” though “on an annual basis the overall numbers continue to decline.” –Donna Kardos
(See full report.) Read full story “Housing Index Shows Deeper Slump” Below, see data from the 20 metro areas Case-Shiller tracks, sortable by name, level, and year-over-year change — just click the column headers to re-sort.
(About the numbers: The Case Shiller indices have a base value of 100 in January 2000. So a current index value of 150 translates to a 50% appreciation rate since January 2000 for a typical home located within the metro market.)
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| Atlanta | 124.19 | -0.1% | -7.5% |
| Boston | 158.68 | 0.1% | -6.4% |
| Charlotte | 131.82 | 0.2% | -0.1% |
| Chicago | 150.35 | 0.1% | -9.3% |
| Cleveland | 109.55 | 2.9% | -6.8% |
| Dallas | 120.41 | 1.1% | -3.4% |
| Denver | 128.49 | 0.8% | -4.7% |
| Detroit | 93.79 | -1.9% | -18% |
| Las Vegas | 165.89 | -2.0% | -26.8% |
| Los Angeles | 202.52 | -2.2% | -23.1% |
| Miami | 200.42 | -4.1% | -26.7% |
| Minneapolis | 131.19 | -2.2% | -15.5% |
| New York | 193.93 | -1.3% | -8.4% |
| Phoenix | 161.33 | -3.4% | -25% |
| Portland | 174.87 | 0.3% | -4.7% |
| San Diego | 180.57 | -2.6% | -22.4% |
| San Francisco | 164.63 | -2.2% | -22.1% |
| Seattle | 179.57 | 0.7% | -4.9% |
| Tampa | 178.50 | -2.1% | -20.4% |
| Washington | 201.21 | -1.0% | -14.8% |
Source: Standard & Poor’s and FiservData