Home prices rose 1.3% in April according to Case-Shiller’s 10- and 20- city indices. Prices remain below year-ago levels, but have improved notably from March. The 10-city index has dropped 2.2% from one year ago, better than the 2.8% drop reported last month. The 20-city index has now dropped 1.9% from year-ago levels, an improvement from the 2.6% drop reported last month.
April’s improvement was widespread, with only Detroit reporting a decline in prices (-3.6%). San Francisco performed the best in April, with prices rising 3.4% over the month. Half of the 20 metropolitan areas reporting have seen home prices rise from year ago levels.