There were some very strong numbers released this morning for the S&P/Case-Shiller Home Price Indices. In addition to the monthly data for the 10- and 20-city composite indices, we also got the national index, which is updated quarterly. All of…
More good news from Case-Shiller today, with both composite indices and the national index showing solid year-over-year increases.
S&P/Case-Shiller indices were released yesterday that showed a continued rebound in home prices off the post-recession lows. The prices for the 20-city composite index were up 2 percent in August 2012 from August 2011. From Case-Shiller: The 10- and 20-City…
OK, first a warning: don’t expect that we’ll continue to see such healthy numbers for home prices through the winter months.
“With May’s data, we found that home prices fell annually by 1.0% for the 10-City Composite and by 0.7% for the 20-City Composite versus May 2011.”
We are a long way from a “normal” housing market, whatever that will look like post-recovery, but the widespread price stabilization is good news for a variety of reasons.
Many of you have already seen my post about Zillow’s county-by-county graphic showing the percentage of underwater mortgages around the country. Here in Chatham County, 37% of home mortgages are underwater.
