Monthly Archives: December 2011

Home Prices Corrected for Inflation at 2001 Levels

Take inflation out of home prices and we’re back to 2001 — ten years ago.  The chart shows the S&P/Case-Shiller 10-City Composite Index in nominal (or current dollar) terms along with the index deflated  by the Consumer Price Index.  Looking at the dashed orange lines near the lower right hand corner, one sees that prices […]

Video: Fox Business Interview with Professor Robert Shiller

Professor Robert Shiller, co-founder of the S&P/Case-Shiller Home Price Index, breaks down his latest report, discusses consumer confidence  and provides insight into whether housing can bounce back in in 2012.

Rent-Buy and Price-Income Ratios Look Positive

Two popular ways to measure if house prices are high or low is to compare the cost of buying a house to renting one and to look at the ratio of house prices to personal income.  The Rent-Buy ratio suggests that house prices are close to their average values since 1987 and past the boom […]

Keeping Score

The most common questions from regional reporters around the country when we release the S&P/Case-Shiller indices is “How are we doing?”  or “Is our city ahead of the others?” or “we aren’t at the bottom of the heap, are we?”  So, for those who want the comparisons, the two tables below show the highs and […]

Video: Reuters Interview with Robert Shiller on the latest U.S. Housing Data

Professor Robert Shiller, co-founder of the S&P/Case-Shiller Home Price Index, notes that despite the sharp decline in October, home prices are not at “catastrophic” levels.  Watch this video to learn more.

Video: CNBC Exclusive Interview with David Blitzer on S&P/Case-Shiller Results for October

David Blitzer, Managing Director and Chairman of the S&P Index Committee, discusses the latest data results of the S&P/Case-Shiller Home Price Indices on CNBC’s Squawk on the Street.

The Fourth Quarter Starts with Broad-based Declines in Home Prices According to the S&P/Case-Shiller Home Price Indices

Data through October 2011, released today by S&P Indices for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, showed decreases of 1.1% and 1.2% for the 10- and 20-City Composites in October vs. September.  Nineteen of the 20 cities covered by the indices also saw home prices decrease over the month.  […]

Will Good Economic News Reach Housing? S&P/Case-Shiller Due Tuesday Dec 27th

Much of the recent economic news has been good: housing starts were sharply higher and new home sales rose in November as did existing home sales after revisions.  Labor market numbers are also looking better with initial unemployment claims under 400,000 for three weeks in a row.  While housing will recover someday, that moment may not […]


November new home sales rose 1.6% to an annualized 315,000 units, which was a bit stronger than the 312,000 expected by consensus, and comes after October sales were upwardly revised to a 310,000 unit reading (was 307,000). New home sales are up 9.8% over last November. By region, the Northeast and the West sale sharp […]


November existing home sales rose 4.0% to an annualized 4.42 million. It was much weaker than the 5 million expected by consensus, after October was brought down to 4.25 million from the previously reported 4.97 million. While much weaker than expected, the National Association of Realtors warned that benchmark revisions back to 2007 would bring […]

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