This morning, Standard & Poors released the April Case-Shiller Home Price Index, and it showed that values in Seattle rose 1.6% in April.
Values were up in 13 of 20 markets.
The Index, which tracks home values, shows that home values are down 6.9% from last April, and that values are essentially at September 2004 levels. Nationwide, values are down 4.0% from last year.
Many national financial publications have pointed to Seattle as a target for early economic recovery and growth over the past several months, so here’s hoping that the April housing report is a solid sign of confirmation!