Category Archives: Uncategorized

Home Equity Wealth Makes a Comeback

Home prices have risen significantly throughout the nation since the trough in the housing cycle.  Through August 2016, the S&P CoreLogic Case-Shiller Home Price Index has recorded a 38 percent rise in the national index since its February 2012 trough, with some areas up more sharply and other markets showing a subdued bounce back. One […]

A Walk Down Memory Lane: Thoughts on HPIs and Financial Indexes as The Dow Celebrates Its 120th Birthday

On May 26th, 2016, the granddaddy of all equity indexes—the Dow Jones Industrial Average (DJIA)—turned 120.  The 30 blue-chip companies that comprise the DJIA have evolved over time –General Electric is the one that has been in the index the longest, since 1907–and today many are no longer in heavy industry.  Nonetheless, the DJIA remains […]

Party like its 2007

House sales and prices are rising.  Home sales in June were 5.57 million at annual rates, the highest since February 2007 when national home prices peaked.  Currently prices as measured by the S&P/Case-Shiller National Home Price Index are climbing at a 5% annual rate and are a mere 3% from their all-time peak. What next?  […]

How Housing Looks at Year-End

The October 2014 S&P/Case-Shiller  Home Price Index will be released on Tuesday December 30th at 9 AM. Will  the pace of price gains continue to fade in the new year? Will the housing rebound end? Or will  prices surge again?   Check the figures on Tuesday morning for hints to 2015.

What Next For Home Prices?

The next S&P/Case-Shiller Home Price report is due Tuesday morning at 9 AM ET. Lately prices have been showing signs of softness with lower annual gains reported each  month compared to the previous month. While most economic indicators are looking better, housing and home building are sending mixed signals. But before writing off housing or […]

How the Cities Did — December 2013

            Click on the table for a larger image

SPDJI Teleconference on U.S. Housing Set for February 25th @ 10am EST

Join us for a live teleconference on the US housing market on February 25th @ 10am EST. Featured speakers to include Professor Robert Shiller, Professor of Economics at Yale University and David Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices. Instructions to access the teleconference are as follows: Net […]

Housing Questions and the Economy

The housing recovery in 2012 and 2013, along with the strong stock market performance, were major contributors to the economy and consumer confidence. In the last few weeks everyone has watched investors become more nervous about the stock market.  With mixed economic data, weak housing starts report for December and a soft number for builders […]

How the Cities Did in October 2013

The table shows the peaks, troughs and recovery for the 20 S&P/Case-Shiller Cities.  Much of the recent discussion of the housing recovery ignores inflation. While the inflation rate is currently very low, around one percent, the extent of price increases and wealth loss since the housing peak in 2006-2007 is around 15%.  In other words, […]

National Credit Default Rates Remain Stable in November 2013 According to the S&P/Experian Consumer Credit Default Indices

Data through November 2013, released today by S&P Dow Jones Indices and Experian for the S&P/Experian Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults, showed stability in national default rates during the month. The national composite was 1.37% in November, a slight decrease from 1.38% in October. The first mortgage […]

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