Here is the latest S&P/Case-Shiller Home Price Index data through July 2012. It shows:

“Average home prices increased by 1.5% for the 10-City Composite and by 1.6% for the 20-City Composite in July versus June 2012. For the third consecutive month, all 20 cities and both Composites recorded positive monthly changes. It would have been a fourth had prices not fallen by 0.6% in Detroit back in April.

The 10- and 20-City Composites posted annual returns of +0.6% and +1.2% in July 2012, up from their unchanged and +0.6% annual rates posted for June 2012. Fifteen of the 20 MSAs and both Composites posted better annual returns in July as compared to June 2012. Dallas and Washington D.C. saw no change in their annual rates; and Cleveland, Detroit and New York saw their rates worsen in July, with respective returns of +0.4%, +6.2% and -2.6%. After nine consecutive months of double digit annual declines, Atlanta finally improved to a -9.9% annual rate in July 2012, but still the worst among the 20 cities followed by S&P Dow Jones Indices.

Click to enlarge:

 

 

 

More charts after the jump.

 

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Source:
S&P Dow Jones
Indices, Press Release
Home Prices Increase Again in July 2012
According to the S&P/Case-Shiller Home Price Indices
New York, September 25, 2012

Category: Real Estate

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

One Response to “Case-Shiller Shows More Improvement for July 2012”

  1. eliz says:

    BR says: “Case-Shiller Shows More Improvement for July 2012″
    Why are higher home prices called an improvement???
    I say let the RE bubble (and all asset bubbles) deflate.
    A real improvement would include higher wages, higher employment, and lower (affordable) home prices.

    ~~~

    BR: You are absolutely correct — this is a rising cost, not an economic improvement.