Case Shiller Home Prices: Improvement Moderating

The latest data from Case Shiller, covering the October 2009 period, shows an ongoing improvement in price data.   

This was the 9th consecutive month of gains. As the chart below shows, year-over-year data for the 10-City and 20-City Composite Home Price Indices, fell 6.4% and 7.3%.

Peak-to-date figures for the indices through October 2009 are -29.8% and -29.0%; Peak to trough (April 2009) composites are down 33.5% and 32.6%, respectively.

S&P noted “The turn-around in home prices seen in the Spring and Summer has faded, with only seven of the 20 cities seeing month-to-month gains, although all 20 continue to show improvements on a year-over-year basis.

Case Shiller Index October 2009

click for bigger graphic


All data courtesy of S&P/Case Shiller

National Prices = Autumn 2003

click for bigger graphic


Source: Home Prices Still Improving but at a Moderating Pace S&P/Case-Shiller 29-Dec-2009 09:00–p-us—-

Originally published at The Big Picture and reproduced here with the author’s permission.
Opinions and comments on RGE EconoMonitors do not necessarily reflect the views of Roubini Global Economics, LLC, which encourages a free-ranging debate among its own analysts and our EconoMonitor community. RGE takes no responsibility for verifying the accuracy of any opinions expressed by outside contributors. We encourage cross-linking but must insist that no forwarding, reprinting, republication or any other redistribution of RGE content is permissible without expressed consent of RGE.