The October 2011 Case Shiller Index showed continuing declines in home prices for the national scene and for the New York Metro area. Historically low interest rates have yet to ignite an upward trend in house prices. Most analysts still predict a positive trend for 2012.
Category listing for The Housing Market and the Economic Crisis
Case Shiller National Index Declines for September
The release of the Case Shiller Home Price Index shows a 1.2% decline in the seasonally adjusted index for the month to month change from August to September 2011 and a trivial increase of 0.1% in the unadjusted number. The New York metro area also showed a trivial improvement of 0.2% in the seasonally adjusted number and 0.1% in the non adjusted number. Nationally these results bring us back to home price levels of approximately early 2003 and brings New York back to about mid 2004.
Case Shiller Flat for August
The non-seasonally adjusted Case Shiller index, which we use in these posts, shows small increases in the markets that we track, with the continuing exception of Las Vegas. However the seasonally adjusted numbers show a small decline. Essentially the housing market is flat. Most analysts don’t expect real price increases until the job market improves.
Case Shiller Home Price Index Up Again for June
The non seasonally adjusted Case Shiller Index once again shows gains for the June report compared to the prior month. While the seasonally adjusted numbers are decidedly more mixed, increasing numbers of reported sales, along with record low interest rates suggest that we are not likely to see more dramatic drops.
CHPC Events in May 2012 M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 CHPC Events in June 2012 M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 CHPC Events in July 2012 M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 CHPC Events in August 2012 M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 CHPC Events in September 2012 M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 CHPC Events in October 2012 M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
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