Case Shiller: Home Prices Fall More Slowly
By improved, prices continue to slide year over year, but at a slower rate. Monthly prices show modest gains.
Year over year, the 10-City and 20-City Composite Home Price Indices declined 10.6% and 11.3%, respectively, in August. The indices gained 1.3% and 1.2% from July.
Note that Goldman Sachs estimates that the US Government interventions and bailouts have pushed housing prices 5% higher. click for larger graphic
click for bigger graphics
Source: Home Prices Continue to Improve S&P/Case-Shiller Home Price Indices, October 27, 2009 http://www2.standardandpoors.com/portal/site/sp/en/us/page.topic/indices_csmahp/2,3,4,0,0,0,0,0,0,0,0,0,0,0,0,0.html
S&P/Case-Shiller Home Price Indices PDF
Uncle Sam Adds 5% to Prices of Homes, Goldman Says James R. Hagerty WSJ, October 24, 2009, 9:11 AM ET http://blogs.wsj.com/developments/2009/10/24/uncle-sam-adds-5-to-prices-of-homes-goldman-says/
Originally published at The Big Picture and reproduced here with the author's permission.
RGE CLIENTS
Comments for this blog can only be created or viewed by RGE clients or registered members of RGE’s EconoMonitor community.
If you are an RGE Client, please log in to your account.
To create a free account, please visit our Registration Page.
