January’s report was disappointing as 16 cities saw prices fall month to month and eight made new post-crisis lows. Atlanta and Detroit are the hardest hit based on current levels. However, Detroit has rebounded from its low by a larger percentage than any city except for Washington DC. Across all 20 cities, the average gain […]
Monthly Archives: March 2012
Click below to watch this weeks Economic Update. Topics include the housing sector, home prices, and initial jobless claims data. In February, both existing and new home sales tumbled. Adding to this lackluster performance, January home prices fell yet again to a new record low, according to the S&P/Case-Shiller 20-city home price index, so the […]
Professor Robert Shiller, co-founder of the S&P/Case-Shiller Home Price Index, discusses his uncertainty on the future of the housing market, as home prices continued to fall in the month of January.
Australia’s mortgage performance is likely to remain stable in 2012, despite signs that household debt to income has reached sensitive levels amid declining property prices. That’s one of the key take-away messages from a market briefing hosted by Standard & Poor’s Ratings Services in Melbourne on March 27, 2012. The briefing also heard from Standard […]
David Blitzer, Managing Director and Chairman of the S&P Index Committee, discusses the latest data results for the S&P/Case-Shiller Home Price Indices on CNBC’S Squawk on the Street.
Among the comments about yesterday’s disappointing S&P/Case-Shiller Home Price release were remarks that the data is old or out of date. The report of falling home prices came on the heels of better economic news and some upbeat reports about homebuilders seeing strong orders. Some commentators felt that the news of weaker prices was old news. […]
With today’s report, the S&P/Case-Shiller 10- and 20-City Home Price Composites fell to new post-crisis lows in January 2012. Both indices fell by 0.8% over the month, are down about 3.8% versus January 2011, and have declined by 34.4% since their relative 2006 peaks. Average home prices are back to their late 2002/early 2003 levels […]
S&P Indices released today the latest results for the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices. Data is through January 2012. To access click: S&P/Case-Shiller Home Price Indices – March 2012
Recent economic news is good, housing news mixed — starts, existing and new homes sales generally better in recent months amidst many comments that housing is about to see sustained gains after a long long period of weakness. However, prices fell steadily throughout 2011 and haven’t seen even a hint of strength. Zillow forecasts further declines […]
U.S. new home sales fell 1.6% in February to a 313,000 units pace. The reading was weaker than the 325,000 units expected by consensus and comes after January was revised down to a 318,000 unit pace (was 321,000), though at least December was revised up to a 336,000 unit pace (was 324,000). In contrast to […]