Case-Shiller says,
For the fourth consecutive month, there was modest improvement in May in housing prices, according to the Standard & Poor’s/Case-Shiller Home Price Index, a closely watched measure of the market.
“It is very possible that years from now we will say that April 2009 was the trough in home prices,” S.& P.’s vice president for index services, Maureen Maitland, said.
And even though Case-Shiller does not include Tucson in it’s 20 city index, we’re affected by what goes on, if only because home owners able to sell there can then migrate and buy here.
From The New York Times, read all about it,
Slide in Home Prices Is Slowing Down, Index Shows
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