Case Shiller’s “Mixed Messages in the Data”
Posted By Barry Ritholtz On January 26, 2010 @ 10:15 am In Real Estate | Comments Disabled
Case-Shiller Home Price Indices data through November 2009 reveal the annual rates of decline of the 10-City and 20-City Composites are improving. There were price declines measured across many markets during November.
This was the 10 month of improved readings — less bad price declines — in the annual statistics. It was also the third consecutive month of “only” single digit drops, following 20 consecutive months of double digit price declines.
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[1]
Source: Standard & Poor’s and Fiserv
The 10-City and 20-City Composite (above) declined 4.5% and 5.3% respectively.
[2]
Source: Standard & Poor’s and Fiserv
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[1] Image: http://www.ritholtz.com/blog/wp-content/uploads/2010/01/Case-Shiller-Nov-2009.png
[2] Image: http://www.ritholtz.com/blog/wp-content/uploads/2010/01/Case-Shiller-Annual-nov-09.png
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