At the start of June, we posted the historical year-over-year % change in S&P/Case-Shiller Home Prices for the 20 cities tracked. The April 2008 S&P/Case-Shiller Home Prices were just released this morning, so we have updated our charts accordingly. The year-over-year and month-over-month changes for each city as well as the two composite indices are listed below. While many cities have seen declines in home prices versus a year ago, there are still a few cities which have shown growth, although at a smaller pace than in the past. On a monthly basis, there were eight cities, including Boston and San Francisco, that saw increases in home prices from March to April.
We also updated the chart below which shows the difference between the most recent S&P/Case-Shiller Home Price report and the May 2008 housing futures offered by CME, which trade off of the S&P/Case-Shiller Indices. As shown, from now through May 2008, investors are still looking for declines across the board.
The charts below show the historical monthly year-over-year percent change in home prices of the 20 selected cities and composite indices that S&P/Case-Shiller tracks.
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