While the Case Shiller Index of small homes continues to show a recovery pretty much across the country, the New York metro area shows a much more sluggish picture. From September 2012 to October 2012 the Index for the NYC Metro area declined by -0.4 % for the non-seasonally adjusted index compared to a decline of -0.1% for the 10 metro area index. Worse, we see a -1.3% decline from October 2011 where the 10 metro area index shows a 3.4% increase for the same period.