Tag Archives: residential real estate

Improvement in annual rates of change in home prices

Broadly speaking, March’s data for the S&P/Case-Shiller Home Price Indices were negative for the housing market. The 10-City Composite was down 0.1% and the 20-City was flat in March over February; while the National Index saw prices fall by 2.0% during the first quarter of 2012. In addition, all three indices reached new post-crisis lows. […]

S&P Indices to Host 5/29 Teleconference on U.S. Residential Home Prices

Are the Lights Completely Turned Off for a 2012 Recovery? Speakers: Dr. David Blitzer, Managing Director and Chairman of the Index Committee, S&P Indices Prof. Robert Shiller, Professor of Economics, Yale University Prof. Karl Case, Professor of Economics Emeritus at Wellesley College and Founding Partner of Fiserv Case Shiller Weiss, Inc. Moderator: David R. Guarino […]

Is the pace of home sales still too low?

The volume of home sales remains low when compared to the first six or seven years of this century. Major US housing statistics, such as the S&P/Case-Shiller sales pair counts and NAR’s existing home sales, show how the number of existing home sales has slowed considerably since the beginning of the housing crisis. We update our […]

Another look at the regions

As we enter the sixth year of a bearish US housing market, location continues to play a major role in the relative size and severity of changes in home prices across the United States. With the S&P/Case-Shiller 20-City Home Price Indices, Boston saw average home prices peak first in the mid-2000s (September 2005) and Charlotte […]

Condo prices hit new crisis lows in Chicago, Los Angeles, New York and San Francisco

February 2012 data for the S&P/Case-Shiller Condo Price Indices were published on Tuesday April 24th, revealing that condo prices fell in all five of the metro areas covered by our indices – Boston, Chicago, Los Angeles, New York and San Francisco. All five cities have shown falling condo prices for at least five consecutive months […]

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

Consumer default rates almost back to levels seen before the housing crisis

On April 17th, S&P Indices and Experian released March data for the S&P/Experian Consumer Credit Default Indices, which measure consumer credit default rates. March data showed a sharp decline in the composite index, led by a 14 basis point drop in first mortgage default rates. While having a much smaller weight in the composite, second […]

Existing home sales, activity is up but still slow

As measured by the number of closed transactions, the pace of existing home sales has slowed significantly over the past five years or so. The chart below clearly illustrates how sales first slowed down in the four years beginning in 2006 and by even more around mid-2011. The latest data are for January 2012, released […]

Video: Fox Business Interview with Robert Shiller

Professor Robert Shiller, co-founder of the S&P/Case-Shiller Home Price Index, discusses his uncertainty on the future of the housing market, as home prices continued to fall in the month of January.

Eight cities and both composites hit new lows.

With today’s report, the S&P/Case-Shiller 10- and 20-City Home Price Composites fell to new post-crisis lows in January 2012. Both indices fell by 0.8% over the month, are down about 3.8% versus January 2011, and have declined by 34.4% since their relative 2006 peaks. Average home prices are back to their late 2002/early 2003 levels […]

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