Tag Archives: May 2011

Some low-tiered markets are still suffering

S&P Indices publishes tiered price data for 16 of the 20 cities (MSAs) it covers. The tier breakpoints are price levels that divide recent sales pairs in each market into thirds. As we have noted in the past, home prices in cities do not behave the same across and within tiers. Over the past year […]

A look at S&P/Case-Shiller tiered-price indices

S&P Indices publishes tiered price data for 16 of the 20 MSAs it covers (Cleveland’s tiered-price indices were suspended in November 2008 due to lack of sufficient sales pairs).  Tier breakpoints – price levels that divide recent sales pairs in each market into thirds – are calculated for the period covered by the latest index […]

May existing home sales fell 3.8% M/M to 4.81 million

Existing home sales fell 3.8% m/m to an annualized 4.81 million units in May. It’s about in line with the 4.8 million units expected by consensus, though comes after April was downwardly revised to 5.0 million (previously 5.05 million). Condo/coop sales saw the largest drop, down 8.1% to 570,000, while single family sales fell 3.2% […]

The bigger the rise, the harder the fall? Not always.

Looking across the 20 MSAs followed by the S&P/Case-Shiller Home Price Indices you can see one unfortunate trend, home prices are down.  Location, however, did play a role in the magnitude of the decline; just as it did in the rise during the mid-2000s. During the recent housing cycle, the MSAs peaked roughly over a […]

The S&P/CS 20-City Composite and 12 cities lead the national trend

With an index value of 138.16, the 20-City Composite fell below its earlier reported April 2009 low of 139.26.  The March 2011 report confirmed a double-dip in home prices across much of the nation. In addition to the National Index, the 20-City Composite and 12 MSAs — Atlanta, Charlotte, Chicago, Cleveland, Detroit, Las Vegas, Miami, […]

Double-dip in home prices

The much feared double-dip in home prices has materialized nationally. Data through March 2011 show that the National Index hit a new recession low with the first quarter’s data (the prior low was the first quarter 0f 2009, and we define this as the “double-dip”). The S&P/Case-Shiller U.S. National Home Price Index declined by 4.2% […]

National home prices hit new low in 2011 Q1 according to the S&P/Case-Shiller Home Price Indices

Data through March 2011, released today by Standard & Poor’s for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, show that the U.S. National Home Price Index declined by 4.2% in the first quarter of 2011, after having fallen 3.6% in the fourth quarter of 2010… To access click: S&P/Case-Shiller Home […]

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