Behind the Numbers in the S&P/Case-Shiller Release

The February S&P/Case-Shiller Release, out this morning, shows a strong performance by housing across all 20 metropolitan areas.  The composite of 20 cities rose 9.3% in the last year, the best gain since May 2006 and seasonally adjusted all 20 cities rose month to month for two consecutive months; the last time that happened was at the beginning of 2005.

The “spagetti” chart shows how the 20 cities have performed since the composites hit bottom in March 2012. While everything is up since then, some like Phoenix are way up and others like New York are barely ahead.  Still others like Chicago appear to have peaked and fallen a bit.  (Click on the chart for a bigger image.)

Since the Bottom

The table compares the peaks and troughs of the 20 cities — where the gain was the biggest or the tumble was the largest.

How Cities Did February 2013

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