House price declines slowed in April; stabilization appearing

While home prices in many metropolitan areas did fall from March to April 2009, the decline in most metropolitan areas was much slower than in previous months, according to today's S&P/Case-Shiller Home Price Index. The home prices in the 10-city composite dropped 0.7 percent and in the 20-city composite dropped 0.6 percent.

Dallas showed the best results with a price increase of 1.7 percent. Other cities that saw minimal increases included Cleveland (1.2 percent), Denver (1.5 percent), San Francisco (0.6 percent), Seattle (0.2 percent) and Washington DC (0.8 percent).


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