Monthly Archives: June 2012

Improvement in annual rates of change in home prices

April’s data for the S&P/Case-Shiller Home Price Indices were largely positive for the housing market. The 10-City and 20-City Composites were both up 1.3% in April over March, after the prior seven consecutive months of falling home prices. No cities posted new lows in April 2012. Only two cities – Detroit and New York – […]

How the Cities Did in April 2012

The table gives a comparison across the twenty S&P/Case-Shiller Cities and their performance through this week’s report for April 2012.  As noted in the press release, 19 of the 20 cities enjoyed higher prices in April compared to March. This time around, no cities set new lows. On a year-over-year basis ten cities were up, […]

Condo prices increase across all five cities

April 2012 data for the S&P/Case-Shiller Home Price Indices were released on Tuesday June 26th, with monthly increases in condo prices in all five of the metro areas covered by our indices – Boston, Chicago, Los Angeles, New York and San Francisco. As a result, none of the cities posted a new low in April […]

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

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.

Home Prices Rise in April 2012 According to the S&P/Case-Shiller Home Price Indices

Data through April 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 on average home prices increased 1.3% in the month of April for both the 10- and 20-City Composites. To access click here: S&P/Case-Shiller Homes Price Indices – June 2012

VIDEO: Recent Market Trends Could Impact U.S. RMBS Performance

Standard & Poor’s recently published a commentary on several central housing market trends that could impact the credit quality of U.S. residential mortgage-backed securities (RMBS). In this CreditMatters TV segment, my colleague, Managing Director Vandana Sharma explains that three key variables, collateral performance, the effectiveness of structural protections, and transaction party behavior and incentives, will […]

U.S. New Home Sales Jump 7.6% To 369,000 Units In May

U.S. new home sales jumped by 7.6% over April to 369,000 units in May, which was stronger than the 346,000 unit rate expected by consensus and the best level since April 2010. New home sales are now 19.8% above the 308,000 unit rate seen in May 2011. On a month-over-month basis, the jump in total […]

S&P/Case-Shiller Report due Tuesday June 26th: Could this be the one?

Despite some recent mixed readings of the economic tea leaves, there is a growing sense that housing is slowly improving and that the worst may be behind us.  Earlier in the week the New York Times reported strong home sales in Phoenix, one of the hardest hit sunbelt cities.   Most housing market statistics are mixed […]

First mortgage default rates decline by more than one-quarter of a percentage point in May

On June 19th, S&P Indices and Experian released May 2012 data for the S&P/Experian Consumer Credit Default Indices, which measure consumer credit default rates. May data showed a decline in the composite index, led by a 26 basis point drop in first mortgage default rates. Second mortgage default rates fell by 6 basis points over […]

May Existing Home Sales Fell By 1.5% To 4.55 Million

U.S. existing home sales fell by 1.5% to 4.55 million units in May, close to the 4.58 million units expected by consensus. Existing home sales are still 9.6% above the 4.15 million pace seen last May. The 5.7% month-over-month drop in condo/coop sales explain most of the overall decline, though single-family home sales also fell […]

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