Category Archives: S&P CoreLogic Case-Shiller

The Lower the Price the Bigger the Fall

The S&P/Case-Shiller Home Price Indices include tiered indices for 17 of the 20 cities which show how prices for low-price, mid-price and high-price homes compare.  The table shows the percentage change over the 12 months ending in March 2011 for the three tiers for each city covered.  The red number in each row is the […]

The S&P/CS 20-City Composite and 12 cities lead the national trend

With an index value of 138.16, the 20-City Composite fell below its earlier reported April 2009 low of 139.26.  The March 2011 report confirmed a double-dip in home prices across much of the nation. In addition to the National Index, the 20-City Composite and 12 MSAs — Atlanta, Charlotte, Chicago, Cleveland, Detroit, Las Vegas, Miami, […]

How the Cities Did

While the overall numbers in the S&P/Case-Shiller Home Price Indices for March are down and disappointing, the pattern is not uniform.  A few cities — Washington DC and two in California — San Francisco and San Diego — remain above their recent lows. At the other end of the scale, Detroit is about 30% below […]

Double-dip in home prices

The much feared double-dip in home prices has materialized nationally. Data through March 2011 show that the National Index hit a new recession low with the first quarter’s data (the prior low was the first quarter 0f 2009, and we define this as the “double-dip”). The S&P/Case-Shiller U.S. National Home Price Index declined by 4.2% […]

National home prices hit new low in 2011 Q1 according to the S&P/Case-Shiller Home Price Indices

Data through March 2011, released today by Standard & Poor’s for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, show that the U.S. National Home Price Index declined by 4.2% in the first quarter of 2011, after having fallen 3.6% in the fourth quarter of 2010… To access click: S&P/Case-Shiller Home […]

Chicago’s condo market is the weakest among five major MSAs

With the April 28th release of February 2011 data for the S&P/Case-Shiller Home Price Indices, we saw a significant fall in condo prices in the Chicago area.  The index reported an average condo price decline of 3.1% in February versus January.  The data look worse if you view the market over the prior six months […]

Are we back to normal, whatever that is

Everyone understands that the last few years of boom and bust in housing were anything but normal. But none of the people thinking about buying or selling, or just trying not to worry about their home’s value, know what a normal housing market would look like.   Two common measures of how far out of line […]

Will spring selling season confirm improved new home sales?

Takeaway: Home sales are up 11% in March versus February, but they are still low historically. I think there still is a low level of conviction that a housing recovery is underway. Whether you look at the most recently published data from S&P Case-Shiller Home Price Indices, or government data on housing starts and new […]

Home Prices Edge Closer to 2009 Lows According to the S&P/Case-Shiller Home Price Indices

Data through February 2011, released today by S&P Indices for its S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, show prices for the 10- and 20-city composites are lower than a year ago but still slightly above their April 2009 bottom… To access click:  S&P/Case-Shiller Home Price Indices April 2011 Release

Who’s Up, Who’s Down

This report of the S&P/Case-Shiller Home Price Indices points to a few cities seeing some stability, one seeing gains and several where prices remain weak.  Washington DC is the only place where home prices are rebounding and holding on to their gains.  Prices in the capital were up 2.7% in the last 12 months and […]

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