Nine Cities and Both Composites Hit New Lows in February 2012 According to the S&P/Case-Shiller Home Price Indices

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 February 2012. To access click: S&P/Case-Shiller Home Price Indices – April 2012 Release

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2 Comments

  1. David says:

    You are reporting that Atlanta’s housing market has essentially fallen off a cliff. Any suggestions as to why?

    • Dave Guarino says:

      David
      Thank you for the question and for following our Indices.

      The question of “What’s Going on in Atlanta” has recently been addressed by HousingViews Author, David Stiff — Chief Economist at Fiserv Case-Shiller. In his post, David suggests that the significant increase in the sales volume of bank-owned properties in the Atlanta area is the primary reason for the fall in average home values in the Atlanta MSA. Changes in the volume of bank-owned sales can cause changes in average prices that will be reflected in the S&P/Case-Shiller Indices.

      Here is a direct link to David’s post which provides a bit more color on Atlanta home prices.

      http://www.housingviews.com/2012/01/05/what%E2%80%99s-going-on-in-atlanta/

      Dave

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