Data shows 10-months of improved annual home prices -- that is, a slower rate of decline
Source: Standard & Poors and Fiserv
Home prices increased in Phoenix from October to November 2009, but Phoenix home prices were down over 14% from November 2008 according to a national housing survey released this morning. The S&P/Case-Shiller Home Price Indices measures the residential housing market, tracking changes in the value of the residential real estate market in 20 metropolitan regions across the United States. This data is closely watched by financial markets. Flagstaff is too small to be included in the S&P survey. For all the data released today from S&P/Case Schiller, click here.