On a monthly basis both the 10 and 20 city Case Shiller HPI came in higher in July at +1.65% and 1.60%, respectively. However, on a yearly basis the 10 city index is still down 12.8%, while the 20 city index is down 13.30%. On a monthly basis only three cities experienced declines (Detroit, Las […]
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Case Shiller
There’s no doubt this week’s most important release will be Friday’s employment report, which is expected to show a decline in payrolls of -170K with an unemployment rate of 9.8%. This week could prove critical as markets try to regain some traction after several negative surprises last week, including lower than anticipated existing home sales […]
The Case-Shiller 10 Metro-Area Composite Index rose 1.4% in June. A month prior the 10 and 20 Metro-Area Indices rose by +0.4% and +0.5%, respectively. These were the indices first increments since June 2006. This morning’s rise is consistent with other housing related data that seems to imply a bottom and modest recovery for the […]
The S&P Case Shiller Index rose 0.5% in May, the index’s first monthly gain in three years. But, the index is still down by 17.1% on a year over year basis. 14 of the 20 cities in the index experienced gains with Cleveland leading the pack with an increment of 4.1%, followed by Dallas with […]