Although times are good right now for the multifamily industry, apartment professionals are still keeping one eye on the single family market. After all, once renters start to transition to homeowners, it could put a dent in the financial windfall that apartment owners are currently enjoying. While it may be some time before a meaningful chunk of renters return to ownership, here’s a look at the latest data from the S&P/Case-Shiller Home Price Indices, showing five markets where home prices are on the rise over the past year and five where home prices are plunging even lower:
| City | 2012 Q1 Quarterly Change | 2012 Q1 Yearly Change |
| Phoenix | 2.2% | 6.1% |
| Minneapolis | -0.9% | 3.3% |
| Denver | 1.5% | 2.6% |
| Miami | 0.9% | 2.5% |
| Detroit | -4.4% | 2.3% |
| San Francisco | 1.0% | -3.0% |
| Los Angeles | 0.1% | -4.8% |
| Chicago | -2.5% | -7.1% |
| Las Vegas | 0.0% | -7.5% |
| Atlanta | -0.9% | -17.7% |
