S&P Home price index drop narrows to -0.6% in April.

• MoM, prices in 20 selected countries fell –0.6% in April, with declines in 11 cities, compared with a decline of –2.2% in March.
• Overall annual pace of decline has slowed.

"Thirteen of the 20 metro areas also saw improvement in their annual return compared to that of March. Furthermore, every metro area, except for Charlotte, recorded an improvement in monthly returns over March. While one month's data cannot determine if a turnaround has begun; it seems that some stabilization may be appearing in some of the regions.” – David Blitzer (chairman of the index committee for Standard & Poor's, which compiles the Case-Shiller index)

Change for the month for the 20 Largest Metro Areas.

Dallas                        1.74% Denver                       1.48% Cleveland                   1.25% Washington DC           0.83% San Francisco             0.61% Boston                       0.43% Atlanta                      0.28% Seattle                       0.23% Chicago                    -0.03% San Diego                 -0.09% Charlotte                  -0.51% Portland                    -0.56% Minneapolis              -0.66% Tampa                      -0.68% Los Angeles              -0.94% Detroit                     -1.49% New York                  -1.67% Miami                       -2.02% Phoenix                    -2.23% Las Vegas                 -3.48%

Source: Marketwatch, CNN Money & FXDD