Home Prices See Slight Rise in April

Home prices are still down from what they were a year ago but there is some good news. The Case Shiller Composite that follows home prices in a ten-city and twenty-city index were respectively up 0.8% and 0.7% in April versus March.

From S&P:

Both indices are lower than a year ago; the 10-City Composite fell 3.1% and the 20-City Composite is down 4.0% from April 2010 levels.

Home values have an affect on the amount of small business credit that can be taken out.