Monthly Home Prices See Uptick in April, but 2.8% Drop From Year Ago

Summary

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What's new: Home prices in the New York metropolitan area, which includes North Jersey, dropped 2.8 percent in April, compared with April 2010, the Standard & Poor's/Case-Shiller home price index reported Tuesday. However, prices rose 0.8 percent from March to April -- probably reflecting the seasonal upswing in home buying activity, which tends to rise in the spring.

Nationally, home values dropped 4 percent from a year earlier, although they rose 0.7 percent from March to April.

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Monthly Home Prices See Uptick in April, but 2.8% Drop From Year Ago

Home prices in the region have fallen almost 24 percent since their peak in mid-2006, and are now back to...

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