The key takeaways from the latest Case-Shiller home price numbers?
The rate of year-over-year decline in the month of May was only 17.1%, which is an improvement from April, when the 20-city index was down by 18%. Yes, we’re still talking small potatoes here, but it’s the fourth straight month of improvement on this measure, after month-after-month of worsening.
And, on a sequential basis, 16 of the 20 housing markets surveyed saw slight price increases — the first time that’s been seen since 2006.
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