S&P/Case Shiller Home Price Indices
By Carrie Bay | 03/28/2012
Tuesday's S&P/Case-Shiller release on home prices was labeled "disappointing" by a number of analysts and market participants as both the 10- and 20-city composites and eight cities set new cycle lows. With the Case-Shiller numbers failing to fit the mold of improving market conditions, several commentary notes from analysts dismissed the latest results as "old news," with a two-month lag time and home price assessments based on three-month averages. S&P's index committee chairman took to the web to defend the Case-Shiller report against naysayers.
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By Carrie Bay | 03/27/2012
Standard & Poor's reported Tuesday that it's closely watched Case-Shiller index declined in January for the fifth straight month. But according to John Burns Real Estate Consulting (JBREC), that's stale news and doesn't reflect what's actually happening in the market right now. In fact, the independent research company says home prices are rising. JBREC conducted its own analysis of home prices in 97 markets and found that over the January-to-March period prices are up in 90 of them, with an average increase of 1.1 percent.
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By Esther Cho | 03/21/2012
Home prices are projected to fall 0.7 percent this year, a more negative expectation than the 0.2 percent decline economists previously anticipated, according to the March 2012 Zillow Home Price Expectations Survey. Economists in the survey did express an expectation for home prices to go up in 2013, but by 1.4 percent, which is a decrease compared to the previous prediction in December that prices would rise by 1.8 percent. For the year 2016, respondents predicted prices would rise by 3.32 percent.
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By Mark Lieberman, Five Star Institute Economist | 02/28/2012
All three headline composites of the S&P/Case Shiller Index ended 2011 at new lows. The national composite fell by 3.8 percent during the fourth quarter of 2011 and was down 4.0 percent versus the fourth quarter of 2010. Both the 10- and 20-city composites fell by 1.1 percent in December over November, and posted annual returns of -3.9 percent and -4.0 percent versus December 2010, respectively. With these latest data, all three composites are at their lowest levels since the housing crisis began in mid-2006.
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By Carrie Bay | 01/31/2012
Data released Tuesday morning by Standard & Poor's for its S&P/Case-Shiller home price index showed declines in November of 3.6 percent for the 10-city composite and 3.7 percent for the 20-city composite when compared to price levels from a year earlier.
Analysts were expecting a year-over-year drop in the range of 3.2 to 3.4 percent. Eighteen cities were in negative territory. Detroit and Washington, D.C. were the only exceptions. At -11.8 percent Atlanta continued to post the lowest annual return.
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By Carrie Bay | 01/03/2012
Data released last week by Standard & Poor's indicates the fourth quarter of 2011 started with broad-based declines in home prices. The 20-city composite of S&P's closely watched Case-Shiller index was down 1.2 percent in October versus September. Home prices dropped in 19 of the 20 cities covered by the S&P/Case-Shiller Index. Phoenix was the only metro to see a month-over-month increase. Looking at the year-over-year comparisons, S&P says home prices are down more than 3 percent.
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By Carrie Bay | 11/29/2011
The national reading of Standard & Poor's closely watched Case-Shiller index registered a 3.9 percent decline during the third quarter of this year when compared to the same period in 2010. That's an improvement over the 5.8 percent decline posted in the second quarter, but S&P described home prices as weakening as the third quarter came to an end. The national index rose by only 0.1 percent from the second quarter. Three cities posted new index lows as of the end of September - Atlanta, Las Vegas, and Phoenix.
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By Krista Franks | 11/09/2011
In the second quarter of 2011, single-family home prices fell 5.9 percent on an annual basis, according to the latest national Fiserv Case-Shiller home price indexes released Wednesday. This continuation of the double-dip that started in 2010 is not the end, according to Fiserv. In fact, the company predicts prices will continue to fall into the coming year -- dropping another 3.6 percent by the first half of 2012. However, Fiserv does see a light at the end of the tunnel.
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By Carrie Bay | 10/25/2011
The monthly home price index from the Federal Housing Finance Agency (FHFA) has recorded its first decline since March. FHFA reported Tuesday that home prices in the U.S. fell 0.1 percent from July to August, and the previously reported 0.8 percent increase recorded for July was revised to reflect no change.
Data released the very same day by Standard & Poor's showed a 0.2 percent increase in the Case-Shiller home price index for the same period. Economists say FHFA's index is "a better barometer."
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By Carrie Bay | 10/25/2011
The annual rate of change in home prices continues to show improvement, according to Standard & Poor's. Data released Tuesday by the agency shows the 20-city composite reading of the S&P/Case-Shiller index for August came in below its year-ago level by 3.8 percent. The previous month, S&P reported a 4.1 percent annual decline. The closely watched gauge posted a 0.2 percent increase in August versus July, marking the fifth consecutive monthly gain.
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