US DATA: CoreLogic April Home Price Index shows +0.7%, the first
increase since the home-buyer tax credit expired in mid-2010. However,
national home prices, including distressed sales declined by 7.5% YOY vs
-6.8% in March. Excluding distressed sales, year-over-year prices
declined by 0.5 percent YOY in April 2011 and by 1.6% in March.
Distressed sales include short sales and REO transactions.
Featured Videos