Reports today from the New York Federal Reserve and RealtyTrac shed some new light on consumers’ financial conditions and mortgages. Improvements continue for consumers in the mortgage market; the one weak spot in the NY Fed report was student loans. The NY Fed reports that some 291,000 individuals had foreclosure notations on their credit reports […]
Monthly Archives: May 2012
Professor Robert Shiller, co-founder of the S&P/Case-Shiller Home Price Index, discusses the latest data results of the S&P/Case-Shiller Home Price Indices with Tom Keene on Bloomberg Television’s, “Surveillance Midday.”
March 2012 data for the S&P/Case-Shiller Condo Price Indices were published on Tuesday May 29th, indicating that monthly condo prices rose in four of the five of the metro areas covered by our indices – Boston, Los Angeles, New York and San Francisco. Chicago was the one market where condo prices fell over the month. […]
The headline numbers in the S&P/Case-Shiller Home Price Indices are the nonseasonally adjusted series. With each release there are questions about why we don’t use the seasonally adjusted data which is also included in the same release. Tom Lawler, quoted on the Calculated Risk Blog, offers some analysis of changing seasonal factors for S&P/Case-Shiller.
Although the headlines in the March numbers — two composites and national index flat or down at new lows — were disappointing, some of the city by city detail was encouraging. The chart below shows the number of cities reporting prices lower than a year ago since the markets peaked in mid-2006. From the market […]
Provided here are the slide presentations from David Blitzer, Robert Shiller and Chip Case that were discussed during the May 29th S&P Indices teleconference on U.S. housing prices. Replay information/links are included below. Replay Information: U.S./Canada toll free #: 1-866-489-3827; U.S./Canada/All others toll #: 1-203-369-1671 Replays will expire on Tuesday, June 5, 2012 Replay Web Streaming: […]
David Blitzer, Managing Director and Chairman of the S&P Index Committee and Professors Karl Case and Robert Shiller, co-founders of the S&P/Case-Shiller Home Price Index, provide insight on the latest data results of the S&P/Case-Shiller Home Price Indices.
Data through March 2012, released today by S&P Indices for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, showed that all three headline composites ended the first quarter of 2012 at new post-crisis lows. To access click: S&P/Case-Shiller Home Price Indices – May 2012 Release
While worries about Europe and Greece dominate the news, the data on housing and the US economy is looking good. Over the last two to three weeks we’ve had a string of good numbers right up to this morning’s jump in consumer sentiment reported by the University of Michigan Survey Research Center at 79.3, the […]
Chinese property developers are in the doldrums: sales are slowing amid high inventory, borrowing costs and refinancing risks are rising, and intensifying competition may lead to a price war. These are just a few of the findings in Standard & Poor’s Ratings Services’ latest report on the sector, “The Credit Overhang: Chinese Developers With Large […]