Thursday, June 30, 2011
The Standard & Poor/Case-Shiller home-price index released on Tuesday showed a glimmer of hope for the Seattle area housing market. The Seattle metropolitan home market saw a slight increase in the month of April. The index tracks data in 20 large U.S. cities, and Seattle’s data showed higher prices than data compiled for February and March. However, experts say this doesn’t mean much for the Seattle housing market. Seattle’s prices are still down 6.9% from last year, and the index as a whole showed a slight fall in prices.