Content about Shiller

August 1, 2012

Home prices across the nation rose for the second month in a row, according to the S&P/Case Shiller Index, a closely watched indicator for the housing market. The average price of single-family, residential homes in the United States increased by 2.2% in May 2012 compared with the previous month for both the 10- and 20-city composites. On an annual basis, both composites and 17 of the 20 MSAs saw increases in May compared with April 2011. The exceptions were Boston, Charlotte and Detroit.

June 27, 2012

The S&P/Case Shiller Index, a bellwether for the new housing market, has reported that home prices, on average, increased 1.3% in April compared with March for both the 10-city and 20-city composites. This announcement follows seven consecutive months of falling home prices on the indices.

But on an annual basis, home prices fell. For the 10-city composite, the decrease was 2.2% when compared with April 2011. The 20-city composite dropped 1.9%.

May 30, 2012

Housing price data from the S&P/Case-Shiller for March 2012 showed year-over-year declines for both the researchers’ indices, a pattern that has continued over the past several months. The 10-City Composite declined 2.8%, and the 20-City Composite was down 2.6%.

April 25, 2012

The S&P/Case-Shiller Index, a leading indicator of U.S. housing prices, showed annual declines of 3.6% and 3.5% for the 10- and 20-city composites, respectively, for February 2012. This is a new low for February, which has not seen such levels since 2002. But the decline was less steep than in previous months, when it recorded a 3.9% drop in January and a 4.1% drop in December in year-over-year figures. 

January 31, 2012

The S&P/Case-Shiller Index, a leading indicator of U.S. housing prices, showed home prices decrease in the second consecutive month in November 2011, posting annual returns of -3.6% and -3.7% in the 10-city and 20-city composites versus November 2010, worse than the -3.2% and -3.4% annual rates reported for October’s annual comparisons. 

November 29, 2011

The S&P/Case-Shiller Index, a leading indicator of U.S. housing prices, showed declines in both of its MSA indices for September 2011. The 10-city index dropped 0.4%, and the 20-city index slid 0.6% compared to the previous month.

On a yearly basis, the 10- and 20-city indices were down 3.3% and 3.6%, respectively.

The National Index showed an annual decline of 3.9% for the third quarter of 2011, although an improvement was shown over the 5.8% annual decline posted in the second quarter. Nationally, home prices are back to their first quarter 2003 levels.

September 27, 2011

The S&P/Case-Shiller Index, a leading indicator of U.S. housing prices, showed a 0.9% rise in home prices in July 2011 compared with the previous month for both its 10- and 20-city composites. This is the fourth consecutive month of increases for both indices. 

In July 2011, the 10- and 20-City Composites recorded annual returns of -3.7% and -4.1%, respectively. 

August 31, 2011

The S&P/Case-Shiller Index, a leading indicator of U.S. housing prices, delivered some good news for a change on Aug. 30, reporting that home prices increased by 3.6% in the second quarter of 2011, after falling 4.1% during the previous quarter. Compared with the second quarter of 2010, however, the index still posted an annual decline of 5.9%.

June 28, 2011

The S&P/Case-Shiller Index, a closely watched indicator for the new housing market, has reported a monthly increase in prices for its 10- and 20-city composites for the first time in eight months. The composites were up 0.8% and 0.7%, respectively, in April versus March.

However, both indices are lower than a year ago, with the 10-city composite down 3.1% and the 20-city composite off 4.0% from its April 2010 levels.

May 31, 2011

The S&P/Case-Shiller Index, a leading indicator of U.S. housing prices, recorded declines in 19 of the 20 MSAs compared to March 2010. Twelve of the 20 MSAs and the 20-City Composite also posted new index lows in March. 

April 26, 2011

The S&P/Case Shiller Index, a bellwether for the new housing market, has reported that home prices for the month of February 2011 continue to fall from their year-ago levels but remain slightly above the April 2009 bottom point. 

The 10-City and 20-City composites fell 2.6% and 3.3% respectively from their February 2010 levels. Washington D.C. was the only market to post a year-over-year gain with an annual growth rate of 2.7%.

March 29, 2011

Data released by the S&P/Case-Shiller Home Price Indices showed further declines in U.S. home prices in January 2011. Of the 20 MSAs covered by the indices, 13 showed further deceleration in their annual growth rate. The same 11 cities that had posted recent index level lows in December 2010, posted new lows in January.

The 10-City Composite dropped 2.0%, and the 20-City Composite fell 3.1% from their January 2010 levels.

February 22, 2011

The S&P/Case-Shiller Index, a bellwether for the new housing market, has reported that the U.S. National Home Price Index declined by 3.9% during the fourth quarter of 2010 compared with the same quarter in 2009.

As of December 2010, 18 of the 20 MSAs covered by S&P/Case-Shiller Home Price Indices were down compared with December 2009. The 10-City and 20-City Composites were down 0.9% and 1.0%, respectively, from their November levels.

January 25, 2011

The S&P/Case-Shiller Index, a bellwether for the new housing market, reported that home prices fell in 19 of the 20 metro markets across the country in November 2010 compared with October 2010. The 10-City Composite was down 0.8%, and the 20-City Composite fell by 1.0%.

In year-over-year comparisons, the 10-City Composite declined 0.4%, and the 20-City Composite fell 1.6% from their November 2009 levels. Only four MSAs (Los Angeles, San Diego, San Francisco and Washington, D.C.) showed year-over-year gains in November.

December 29, 2010

Home prices across the United States weakened in October, according to the S&P/Case-Shiller Home Price Indeces.

Home prices decreased in all 20 MSAs (metropolitan statistical areas) from their September levels, according to the report.

The chairman of the index committee did not attempt to sugar-coat the data, as six cities set new lows for the period since their peaks in 2006.

October 17, 2010

The Joint Center for Housing Studies at Harvard University has announced the appointment of economist...