Home Prices Increase, for a Change
On Tuesday, the Standard & Poor’s/Case-Shiller index, a closely watched measure of home prices, posted a rise for April, the first in eight months.
The index increased 0.7 percent, reflecting increases in prices in 13 of the 20 cities tracked. That compared with a 0.8 percent decline in March, when the index hit a new low.
But analysts said it was unclear that a sustained rebound in the housing market was under way, noting that sales were typically stronger in the spring.