Note... be sure to bookmark the overall S&P/Case-Shiller Dashboard or the Scary Housing Dashboard of the weakest markets for a real-time view of all the markets tracked by S&P.
The latest release of the S&P/Case-Shiller (CSI) home price indices for April reported that the non-seasonally adjusted Composite-10 price index increased 1.29% since March while the Composite-20 index increased 1.28% over the same period.
The latest CSI data clearly indicates that the price trends are beginning to experience an uptrend through the typically more active spring season and as I recently pointed out, the more timely and less distorted Radar Logic RPX data is continuing to capture notable rising prices driven primarily by seasonality.
The 10-city composite index declined 2.23% as compared to April 2011 while the 20-city composite declined 1.90% over the same period.
Both of the broad composite indices show significant peak declines slumping -34.42% for the 10-city national index and -34.24% for the 20-city national index on a peak comparison basis.
To better visualize today’s results use Blytic.com to view the full release.