Data through January in the S&P/Case-Shiller Home Price Indices show that the annual rates of decline of the 10-City and 20-City Composites improved in comparison with December.
The gauges, which omit apartment sales and include whole metropolitan regions, actually had the 10-City Composite unchanged from a year ago and the 20-City Composite down only 0.7 percent versus January 2009.
Annual rates for the two Composites have not been so close to a positive print for three years. Commented Standard & Poor’s David M. Blitzer: Continue reading