Tag Archives: residential real estate

S&P/Case-Shiller Home Price Indices: 2011 Year in Review

The U.S. residential real estate market was headline news throughout 2011 and the year was particularly notable for the way it ended, with average home prices moving back to record lows during the latter half of the year. Click here to access the full review through December 2011.

Like home prices, condos prices end 2011 on a weak note

December 2011 data for the S&P/Case-Shiller Home Price Indices were released on Tuesday February 28th, revealing monthly declines in condo prices in all five of the metro areas covered by our indices – Boston, Chicago, Los Angeles, New York and San Francisco. The Chicago index reported the largest decline, down 4.8%, in December versus November. […]

The S&P/Case-Shiller 10- and 20-City Composites lead the National to new lows

With an index value of 136.71, the 20-City Composite fell below its earlier reported March 2011 low of 137.64. Similarly, the 10-City Composite hit a new low, falling below the prior low reported in April 2009. While some believed that the first time homebuyers’ tax credit was the only reason for any boost in home […]

After four consecutive increases, first mortgage default rates fall in January 2012

On February 21st, S&P Indices and Experian released January data for the S&P/Experian Consumer Credit Default Indices, which measure consumer credit default rates. The data showed a decline in the composite index, led by an 11 basis point drop in first mortgage default rates. Second mortgage and bank card default rates also moved down; while […]

Regional differences

With each monthly report, we have seen both similarities and differences in regional home price behavior during the recent crisis. As detailed in the graphs below, the Sun Belt cities saw the largest increases in prices in the early-to-mid 2000s and some of the largest percent declines in the past five and one-half years. When […]

Annual rates of return worsen in 13 markets in November 2011

November’s data for the S&P/Case-Shiller Home Price Indices were negative for the housing market. The 10- and 20-City Composites were each down 1.3%, and only one of the 20 cities covered by the indices was up in November over October. The annual rates of change also showed something negative for home prices. Thirteen of the […]

Condos prices fell in all five cities in November

November 2011 data for the S&P/Case-Shiller Home Price Indices were released on Tuesday January 31st, revealing monthly declines in condo prices in all five of the metro areas covered by our indices – Boston, Chicago, Los Angeles, New York and San Francisco. The Chicago index reported the largest decline, down 3.8%, in November versus October. […]

Condo prices largely weaken in October

October 2011 data for the S&P/Case-Shiller Home Price Indices were released on Tuesday December 27th, revealing monthly declines in condo prices in four of the metro areas – Boston, Chicago, Los Angeles and San Francisco. The San Francisco index reported the largest decline, down 2.6%; in October versus September, but Chicago was close behind, down […]

First mortgage default rates lead November increase in the national composite

On December 20, S&P Indices and Experian released November data for the S&P/Experian Consumer Credit Default Indices, which measure changes in consumer credit defaults. The data showed an increase in the composite index, led by an increase in first mortgage and bank card default rates. Auto loan and second mortgages saw drops in their default […]

Three markets hit new lows in September

Data through September 2011 showed that Atlanta, Las Vegas and Phoenix all hit new post-bubble lows; and all three are close to, if not below, January 2000 levels. At 95.99, Atlanta’s index level is indicating that home prices are back to their May 1999 levels.  Las Vegas, at 93.80, is back to February 1998; and […]

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