The S&P Case Shiller home price index shows a -4.1% decline from a year ago over 20 metropolitan housing markets and a -3.7% decline for the top 10 housing markets from July 2010.
The S&P Case Shiller home price index shows a -4.5% decline from a year ago over 20 metropolitan housing markets and a -3.8% decline for the top 10 housing markets from June 2010.
Wondering why we have conflicting reports on the S&P Case-Shiller Housing Index? One financial press source is singing hallelujah while another is glum?
You know an economic report is bleak when the title contains dismal start. Such is the S&P/Case-Shiller Home Price indexes report for January 2011. The composite indexes hit new lows, with the home prices of the 20 cities composite index being down -3.1% and the composite-10 dropping -2.0% in comparison to January 2010.
The S&P/Case-Shiller Home Price indexes for December 2010 were released today with a headline that prices are near the Q1 2009 low point. The National index is down -3.9% for Q4 and down -4.1% in comparison to Q4 2009.
The S&P/Case-Shiller Home Price indexes for November 2010 were released today. The composite-10 index is down -0.8% for the month and the composite-20 index decreased -1.0%. For the year, the composite-10 index is -0.4% lower and the composite-20 is -1.6% lower than November 2009. Below are the 20 city and 10 city S&P/Case-Shiller monthly indices.
The S&P/Case-Shiller Home Price indexes for October 2010 were released today. The composite-10 index is down -1.2% for the month and the composite-20 index decreased -1.3%. For the year, the composite-10 index is 0.2% higher but the composite-20 is -0.8% lower than October 2009. Below are the 20 city and 10 city S&P/Case-Shiller monthly indices.
The S&P/Case-Shiller Home Price indexes for July 2010 were released today. Seasonally adjusted, prices were flat from last month, still up for the year, but slowing. From the graph below, one can see the flat tail showing the slowdown in home prices.
The annual growth rates in 15 of the 20 MSAs and the 10- and 20-City Composites improved in May compared to those reported for April 2010. The 10-City Composite is up 5.4% and the 20-City Composite is up 4.6% from where they were in May 2009.
One needs to note these price increases are during the housing tax credit of $8,000. It's not until July that housing prices without subsidies will be known.
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