(Save the date: RealShare New York comes to the Grand Hyatt, New York, NY, October 9.)

NEW YORK CITY-The single-family home market is beginning to show signs of improvement as inventory continues to drop, mortgage rates remain low and affordability stay at an all-time high. The latest S&P/Case-Shiller indices for the month of April show that average home prices increased 1.3% for both the 10- and 20- composite – and while one month does not make a trend, the combination of rising positive monthly index levels and improving annual returns is a sign that the residential market is stabilizing.

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