Case Shiller: Home Prices Fall More Slowly
Posted By Barry Ritholtz On October 27, 2009 @ 9:53 am In Markets,Real Estate | Comments Disabled
Home prices fell less than they had been in August, according to Case Shiller. The Index shows a 7th consecutive months of improved readings in these statistics, beginning in early 2009.
By improved, prices continue to slide year over year, but at a slower rate. Monthly prices show modest gains.
Year over year, the 10-City and 20-City Composite Home Price Indices declined 10.6% and 11.3%, respectively, in August. The indices gained 1.3% and 1.2% from July.
Note that Goldman Sachs estimates that the US Government interventions and bailouts have pushed housing prices 5% higher [1].
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Other charts after the jump.
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Source:
Home Prices Continue to Improve [5]
S&P/Case-Shiller Home Price Indices, October 27, 2009
http://www2.standardandpoors.com/portal/site/sp/en/us/page.topic/indices_csmahp/2,3,4,0,0,0,0,0,0,0,0,0,0,0,0,0.html
S&P/Case-Shiller Home Price Indices PDF [6]
Uncle Sam Adds 5% to Prices of Homes, Goldman Says [1]
James R. Hagerty
WSJ, October 24, 2009, 9:11 AM ET
http://blogs.wsj.com/developments/2009/10/24/uncle-sam-adds-5-to-prices-of-homes-goldman-says/
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2009/10/case-shiller-home-prices-improve/
URLs in this post:
[1] housing prices 5% higher: http://blogs.wsj.com/developments/2009/10/24/uncle-sam-adds-5-to-prices-of-homes-goldman-says/
[2] Image: http://www.ritholtz.com/blog/wp-content/uploads/2009/10/Case-shiller-AUG-09.PNG
[3] Image: http://www.ritholtz.com/blog/wp-content/uploads/2009/10/Indices-1987-2009.PNG
[4] Image: http://www.ritholtz.com/blog/wp-content/uploads/2009/10/10-20-city-aug-09.PNG
[5] Home Prices Continue to Improve: http://www2.standardandpoors.com/portal/site/sp/en/us/page.topic/indices_csmahp/2,3,4,0,0,0,0,0,0,0,0,0,0,0,0,0.html
[6] S&P/Case-Shiller Home Price Indices PDF: http://www.ritholtz.com/blog/wp-content/uploads/2009/10/CSHomePrice_Release_102706.pdf
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