Keeping you up to date on the latest data releases.
The S&P/Case-Shiller 20-city Home Price Index resumed growth in April, rising 0.4 percent following small slumps the previous two months. The 10-city index picked up 0.3 percent and has risen solidly since last May, likely reflecting amped-up demand from the homebuyer tax credit program, which expired at the end of April. Year-over-year growth in both indexes also strengthened, as the 20-city index has grown 3.8 percent since April 2009, and the 10-city index has climbed 4.6 percent. California metro areas showed the most improvement over the last 12 months, with home prices appreciating 18 percent in San Francisco, 11.7 percent in San Diego, and 7.8 percent in Los Angeles.
Growth in the FHFA Purchase-Only House Price Index picked up pace, advancing 0.8 percent in April’s report after inching up 0.1 percent in March. Year-over-year growth is still negative but perked up from −2.7 percent to −1.5 percent.