Existing home prices increased in April while new home prices weakened slightly. Overall, home prices are down slightly year-over-year but the decline is smaller when excluding distressed sales. Distressed sales, which hold back existing home prices, continued trending down in May and are likely to improve price performance in the coming months. Affordability remains high but continued job and income growth is needed for more consumers to purchase homes.

1. Home Price Monitor June 2011 National Association of REALTORS® Research Division Cutting Through the Noise: Various Home Price Measure

4. Home Prices Sources: NAR, Case-Shiller, CoreLogic, FHFA, Census, HAVER

5. Home Price Data – Year over Year Change Sources: NAR, Case-Shiller, CoreLogic, FHFA, Census, HAVER

6. Home Price Changes *All data are not seasonally adjusted. Monthly changes should typically be computed only for Seasonally Adjusted (SA) data. Because these change rates are often covered in the media regardless of their suitability for analysis, they are presented here but should be used with caution. Annual (yr-over-yr) changes computed for Not Seasonally Adjusted (NSA) data give a measure that is not affected by seasonal fluctuations. Sources: NAR, Case-Shiller, CoreLogic, FHFA, Census, HAVER

7. Spread of Existing Home Price Changes Year over Year Sources: NAR, Case-Shiller, CoreLogic, FHFA, HAVER

8. Supply and Demand Factors – Inventory Sources: NAR

9. Supply – New Housing Starts and Permits Sources: Census

10. Underlying Demand – Job Growth and Hires Sources: BLS

11. Potential Job Growth – Openings Sources: BLS

12. Housing Affordability Sources: NAR

13. About the Price Data Series Sources: NAR, Case-Shiller, CoreLogic, FHFA, Census, HAVER