The S&P/Case-Shiller Home Price Indices, which omit apartment sales, decreased approximately 18 percent in April from one year earlier.
The declines compared with March’s 18.7 percent. For the past three months, the 10-City and 20-City Composites have recorded an improvement in annual returns. The January data had a 19.4 percent drop for the 10-City Composite and 19.0 percent for the 20-City Composite.
“The pace of decline in residential real estate slowed in April,” said David M. Blitzer, chairman of the Stand & Poor’s Index Committee. Continue reading