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Tags: Home Prices, Home Value, Housing Market, Prices, S&P Case/Schiller Index, S&P/Case-Shiller
Categories : Economic Statistics, Home Values, Homes, Housing Market, Statistics
The S&P/Case-Shiller home price index was released Wednesday, showing month over month strength and lower year over year weakness. Less weakness is strength in the housing market.
Among the datapoints released were (data and charts from S&P/Case-Shiller):
- Average home prices increased by 2.2% in May over April for both the 10- and 20-City Composites.
- Home prices fell annually by 1.0% for the 10-City Composite and by 0.7% for the 20-City Composite versus May 2011.
- All 20 cities and both Composites posted positive monthly returns. No cities posted new lows in May 2012.
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Tags: Home Prices, Housing, Housing Market, National, S&P/Case-Shiller, S&P/Case-Shiller Index
Categories : Economic Statistics, Home Values, Homes, Housing Market, Reports, Statistics
“Housing has picked up since the middle of last year…Sales have improved and the inventory of homes for sale has been falling, which has brought a bit more balance into the market and fed into a bit of stabilization of prices.”
Residential real estate prices fell in April at the slowest pace in more than a year, adding to signs the U.S. housing market was firming. The S&P/Case-Shiller index of property values in 20 cities dropped 1.9 percent in April from the same month in 2011, the smallest decline since November 2010, after decreasing 2.6 percent in the year ended March, the group said today in New York. The median forecast of 28 economists in a Bloomberg News survey projected a 2.5 percent drop.
A turnaround in prices is a necessary step toward luring more buyers and sustaining demand for housing, which is starting to stabilize after precipitating the last recession almost five years ago. Record-low borrowing costs, due in part to Federal Reserve efforts to hold down long-term rates, may keep promoting home sales in the presence of an 8.2 percent unemployment rate.
For more: http://www.businessweek.com/news/2012-06-26/home-prices-in-20-u-dot-s-dot-cities-fall-at-slowest-pace-since-2010
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Tags: Home Prices, Home Values, Prices, S&P Case/Schiller Index, S&P/Case-Shiller
Categories : Economic Statistics, Home Sales, Home Values, Homes, Housing Market, Purchases, Statistics, Surveys
- The current Radar Logic 25 MSA Composite data reported on residential real estate transactions (condos, multi and single family homes) that settled as late as May 23 and averaged for the month. The data indicates that with increasing transactions in the spring has come increasing prices (the typical trend). The national index increased 1.14% since April but still remains 5.89% below the level seen in May 2010.
- S&P/CaseShiller home price index for the month of May comes in at 139.87, vs. the economist estimate of 139.80 and compared to a revised reading of 138.46 for the month of April.
- The index fell 0.05% on a month-over-month basis and 4.51% from the same month last year.
For more: http://www.streetinsider.com/Economic+Data/May+S%26PCaseShiller+Home+Price+Index%3A+139.87%2C+Down+4.51%25+YoY/6659312.html