DETROIT(WKZO) -- There is some good economic news in the one area of the economy that has been the slowest to recover. It appears the worst of the housing slump is over in many parts of the country. According to the Case Shiller index prices rose in April compared to March in 19 out of 20 cities surveyed.
Maureen Maitland with Standard and Poors says it varies around the country, but the only big city that didn’t see its numbers climb was the Motor City. Prices fell about 3.5 percent in Detroit. This report comes one day after the Commerce Department said that in May Americans bought new homes at the fastest pace in over 2 years.