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Monthly Archives: January 2012

Video: CNBC Exclusive Interview with David Blitzer on U.S. Home Prices for November

Director, Global Index Communications

S&P Indices

January 31 - 12:15 pm

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.

Posted in Economic Data, Housing Data, S&P/Case-Shiller Indices | Tagged David Blitzer, home prices, latest results, S&P/Case-Shiller, S&P/Case-Shiller Home Price Indices report, US Housing Prices | Leave a comment

U.S. Home Prices Drop for the Third Straight Month: S&P/Case-Shiller

Director, Global Index Communications

S&P Indices

January 31 - 9:00 am

Data through November 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 declines of 1.3% for both the 10- and 20-City Composites in November over October. To access click here: S&P/Case-Shiller Home Price Indices January 2012 Release

Posted in Housing Data, S&P/Case-Shiller Indices | Tagged Charlotte, Cleveland, David Blitzer, Detroit, Housing Data, Minneapolis, New York, Phoenix, S&P/Case-Shiller Home Price Indices report, Tampa, Washington DC | 2 Comments

What Next for Home Prices

Chairman of the Index Committee

S&P Indices

January 27 - 1:14 pm

Next Tuesday, January 31st, will see the next S&P/Case-Shiller Home Price Indices report with data for November 2011. Coming off some signs that the economy is strengthening combined with mixed reports on housing, attention will focus on home prices. Bullish sentiment will point to the preliminary 4th quarter GDP report released on Friday, January 25th. [...]

Posted in GDP | Tagged David Blitzer, Economy and Real Estate, home prices, Las Vegas, Nevada, Phoenix, S&P/Case-Shiller, US Housing Prices | Leave a comment

Foreclosures Continue to Decline

Chairman of the Index Committee

S&P Indices

January 26 - 10:36 am

RealtyTrac reports that foreclosure activity across the US in December and the full year 2011 dropped sharply. Foreclosure filings in 2011 totaled 2.7 million, down 34% from 2010 and 33% below 2009 and 19% below 2008. Overall 1.45% of US homes experienced a foreclosure filing, about one in every 69 houses. Comparable percentages for earlier [...]

Posted in Foreclosures, Shadow Inventory | Tagged California, Colorado, David Blitzer, Florida, foreclosures, Idaho, Illinois, Michigan, Nevada, US Housing Prices | 2 Comments

Some Good News on Single Family Homes

Chairman of the Index Committee

S&P Indices

January 20 - 10:52 am

December existing home sales rose 5% and December starts of single family homes rose 4.4%. While all these rates remain below the pace seen before the financial crisis, the figures are headed in the right direction. December 2011 also is up from December 2010 for both existing home sales and single family housing starts by [...]

Posted in Housing Data | Tagged Blitzer, David Blitzer, home prices, S&P Indices, S&P/Case-Shiller, US Housing Prices | 1 Comment

S&P/Experian data show increases in consumer credit default rates in December.

Maureen Maitland

Vice President

S&P Indices

January 17 - 12:29 pm

On January 17, S&P Indices and Experian released December data for the S&P/Experian Consumer Credit Default Indices, which measure changes in consumer credit defaults. The data showed an increase in the composite index, led by an increase in first and second mortgage and auto default rates. Bank loans were the only loan type that saw [...]

Posted in Consumer Credit, Housing Data | Tagged Consumer credit, Credit Default Indices, Default Rates, Experian, latest results, November 2011, S&P/Experian Consumer Credit Default Indices, S&P/Experian Consumer Default Indices | Leave a comment

S&P/Experian Credit Default Indices Indicate National Default Rates Increased for the Fourth Consecutive Month in December

Director, Global Index Communications

S&P Indices

January 17 - 9:00 am

S&P Indices released today the latest results for the S&P/Experian Consumer Credit Default Indices. Data is through December 2011. To access click: S&P/Experian Consumer Credit Default Indices – January 2012

Posted in Economic Data | Tagged Chicago, Dallas, David Blitzer, Los Angeles, Miami, New York, S&P/Experian Consumer Credit Default Indices | Leave a comment

Foreclosures in 2011: RealtyTrac Reports Full Year Data

Chairman of the Index Committee

S&P Indices

January 12 - 11:16 am

Nationally in 2011 1.9 million homes were in some stage of the foreclosure process representing 1.45% of the homes in the US — the lowest percentage in four years. The good news is that this is down by about a third from 2010. In 2010 2.23% of homes were in foreclosure compared to 2.21% in 2009 [...]

Posted in Foreclosures, Shadow Inventory, Housing Data, Uncategorized | Tagged foreclosures, RealtyTrac | Leave a comment

“What’s Going on in Atlanta???”

Chief Economist & Vice President

Fiserv Case-Shiller

January 5 - 4:29 pm

I have received a good number of inquiries into the large decline in home prices for Atlanta. According to the latest S&P/Case-Shiller Home Price Indices report, home values in Atlanta fell 5% from September to October and 11.7% from October 2010 to October 2011. Taking a closer look at Fiserv’s real estate transaction data for [...]

Posted in Economic Data, Housing Data, S&P/Case-Shiller Indices | Tagged Atlanta, David Stiff, Fiserv, Home Values, Real Estate, REO, S&P/Case-Shiller Home Price Indices report, US Housing Prices | 3 Comments

Fed Puts Push for Housing

Chairman of the Index Committee

S&P Indices

January 5 - 11:00 am

Ben Bernanke, chairman of the Federal Reserve, sent an open letter and report to the chairs of the House and Senate Banking, Housing and Urban Affairs Committees urging them to consider additional steps to support housing. The report argues that housing in the US continues to suffer from excess supply, high rates of foreclosure, limited [...]

Posted in Housing Data | Tagged Ben Bernanke, David Blitzer, Federal Reserve, REO | 2 Comments