Home prices in 20 major U.S. metropolitan areas fell in April at a slower pace than forecast, a sign the plunge in real-estate values is abating.The S&P/Case-Shiller home-price index decreased 18.1 percent from a year earlier following an 18.7 percent drop in March. The measure declined 19 percent in January, the most since the data began in 2001.Price declines are likely to keep moderating as demand steadies and distressed properties account for a smaller share of transactions.
By Bob Willis, June 30, 2009, Bloomberg


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