Homeownership rates falling in Arizona

After months of declining prices real estate markets may be stabilizing. Phoenix prices also seeing improvement, but not quite at the same level as the nation. The S&P Case Shiller index is how Wall Street tracks home price trends. Nationally prices are up 1.3% from February to March, the highest numbers since last May. Home prices across the country are still up slightly compared to last March. Phoenix is seeing a monthly price increase of 0.5%, but prices are still down 4.5% annually.