Data through February 2013 showed average home prices increased 8.6% and 9.3% for the 10- and 20-City Composites in the 12 months ending in February 2013.

For data junkies, you can access more than 26 years of history for these series in full by going to
homeprice.spindices.com. Additional content on the housing market may also be found on S&P Dow Jones Indices’ housing blog: housingviews.com.

 

 

S&P/Case-Shiller Home Price Indices
Chart

 

 

Chart
Source: S&P Dow Jones

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.

7 Responses to “Case Shiller: Home Prices Rise in February 2013”

  1. Lee Adler says:

    The Case Shiller Index has debilitating flaws that render it essentially worthless. Other indicators do a much better job of showing the trend more currently. Among them is CoreLogic’s PHI which should be out in a couple of days. Aggregate listings prices have accurately shown the direction of the trend in real time. http://wp.me/p2r1d8-EDv

  2. BennyProfane says:

    As either Case or Schiller said on Bloomberg this morning (I have a hard time telling them apart), this market wouldn’t even exist if it wasn’t for the extraordinary Fed intervention, especially the nationalization of Fannie/Freddie, which nobody in DC is in any kind of hurry to fix, including the rabid no spend no tax Republicans. Oh, and, the FHA backing 700,000 3.5% down loans with your tax dollars kind of keeps the markets a little buoyant, too.

  3. beaufou says:

    Who is buying is the question?
    Is it a bunch of Wall Street investors hoping they’ll get a good return or are they betting on renting prices. Again, bad news for the little guy who has yet to recover from this massive cluster-fuck.
    One has to remember how well the previous housing bubble was managed.

  4. Livermore Shimervore says:

    whenever I see these types of charts my first thought is “how much has the cost of owning this property risen with the uptick in value?”. How have those costs risen since 1987?
    If you your house went up 9% in 12 months great. Now how much of that equity have you lost to the state’s re-asssesment of its current value via 30% jump in your property taxes? And when can we expect insurance rates post-Hurrincane Sandy to start creeping up? I don’t expect them to eat billions in payouts.
    I really wish the public were fed equal parts of the value and costs picture. Those costs are most assuredly cutting into their long-term retirement planning. In the end they’ll have underfunded retirement portfolios because home ownership expenses got away from them long ago. They won’t be able to pay the taxes on the house that’s been payed off.

  5. Eric Original says:

    That second chart is the one I’ve been watching for a while as a proxy for velocity in the economy. If we can get some velocity, then a great many things might change. So far? Meh…

  6. BusSchDean says:

    A few (not exactly scientific) realtors in our area report brisk sales to families and households, not speculators. Though still a bit stuck, housing appears to be more than 50% out of the credit-banking-government quicksand that sucked it down.

  7. The Realty Bubbles Monitor says March data confirms there is much overpricing of New Homes ($20k) compared to Existing Homes ($3k) using price/income ratios.

    the monthly update charts: http://trendlines.ca/free/economics/RealtyBubblesMonitor/RealtyBubblesMonitor.htm