Home prices rose in nearly all major U.S. cities in April from March, further evidence of a housing market that is slowly improving even while the job market slumps. The Standard & Poor’s/Case-Shiller home price index released Tuesday showed increases in 19 of the 20 cities tracked. That’s the second straight month that prices have risen in a majority of U.S. cities. And a measure of national prices rose 1.3% in April from March, the first increase in seven months. San Francisco, Washington and Phoenix posted the biggest increases in April. Prices fell 3.6% in Detroit, the only city to record a drop. The month-to-month prices aren’t adjusted for seasonal factors. Still, prices in half of the cities are up over the past 12 months.
The Affordable Housing Report daily "Twitter paper" on Paper.li. Super cool.