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 | Dennis Norman This morning,the S&P/Case-Shiller Index report for May was released showing US home prices increased for the second consecutive month with average home prices in the U.S. being about the same as they were in the summer of 2003. The report shows their 20-city composite home price index increased by 1.0 percent [...] Dennis Norman This morning,the S&P/Case-Shiller Index report for April was released showing US home prices showed a monthly increase for the first time in eight months bringing average home prices in the U.S. back to their summer 2003 levels. The report shows their 20-city composite home price index increased by 0.7 percent from [...] The headline today on a CNBC article was “US Housing Crisis is Now Worse than Great Depression”and there are many similar articles in other publications as well…in fact,if you Google “Housing Crisis Worse Than Great Depression”there are over 100 exact matches just in the past month. The writer’s all seem to be [...]
Robert Shiller I’m doing this article as I attend a presentation by Robert Shiller,Yale Economics Professor and Co-Founder of the S&P/Case Shiller Home Price Indices at the S&P Housing Summit 2011,as he discussed “Unusual Factors Influencing the Outlook for the U.S. Housing Market. So it may be a little choppy,but [...] Dennis Norman Today the S&P/Case-Shiller Index report for the first quarter of 2011 was released showing home prices continue to fall and that the national home price index hit a new recession low. Nationally,home prices are back to their mid-2002 levels according to the report. [...] Dennis Norman Today the S&P/Case-Shiller Index report for February was released showing home prices continue to fall and that the housing housing market continues to head toward a double dip in home prices. The report shows their 20-city composite home price index declined by 1.1 percent from the month before and declined by 3.3 [...]
Dennis Norman When I take my kids out for an ice cream cone it’s pointless to ask if they want one or two dips,they always go for the double dip! What’s good for ice cream sales is not good for home prices though…..and,unfortunately,it appears that home prices are choosing to [...] Dennis Norman Today the S&P/Case-Shiller Index report for December was released and supports last months report saying a double-dip in home prices was headed our way. The report shows home prices declined by 3.9 percent during the fourth quarter of 2010. [...] Dennis Norman Today the S&P/Case-Shiller Index report for November was released and confirms concerns that I have discussed previously that the housing market is headed for a double dip in home prices. The report revealed that home prices decreased in 19 or the 20 metro areas covered by the report from their October [...] Dennis Norman Yesterday the S&P/Case-Shiller Index report for October was released and was filled with bad news on the housing market. The report revealed that home prices decreased in all 20 metro areas covered by the report from their September levels and only four of the metro’s showed a year-over-year price gain in October.Furthermore,[...] Dennis Norman This morning S&P/Case-Shiller Index report for the third quarter or this year was released showing home prices declined 2.0 percent in the third quarter after having risen 4.7 percent in the second quarter. Nationally,home prices are 1.5 percent below where they were a year ago. In September,18 of the [...] Dennis Norman This morning S&P/Case-Shiller Index report for August was released showing a deceleration in the annual growth rates of home prices from the month before in 17 of the 20 Metro areas covered by the report. The Case-Shiller Home Prices Indices for the 20 metros showed a decrease of 0.2 percent in home [...] Dennis Norman This morning S&P/Case-Shiller Index report for July was released showing that the annual growth rates of home prices in 16 of the 20 Metro areas covered by the report slowed in July compared to June. The Case-Shiller Home Prices Indices for the 20 metros showed a slight increase of 0.6 percent in [...] Dennis Norman This morning S&P/Case-Shiller Index report for the 2nd quarter of 2010 was released showing that the home prices improved slightly over a year ago in 17 of the 20 Metro Area’s their reports cover. The Case-Shiller Home Prices Indices showed an increase of 4.4 percent in home prices in 2nd quarter after [...] Dennis Norman This morning the S&P/Case-Shiller Index report for February was released showing that,for the first time since December,2006,the annual rates of change for their two composite home-price indices were positive. The 10-City Composite is up 1.4 percent from a year before and the 20-City Composite is up 0.6 percent from [...] Dennis Norman Annual Rates of Decline In Home Prices Improving This morning the S&P/Case-Shiller Index report for January was released showing that home prices in their 10 city and 20 city composite indexes decreased from December,the 10-city index was down 0.2 percent and the 20-city index down 0.4 percent. The 10-city January index was [...] Dennis Norman This morning the S&P/Case-Shiller Index report for November was released showing that home prices in their 10 city and 20 city composite indexes decreased 0.2 percent from October. The indexes include the major metropolition areas in the U.S. (details for metros included are in chart that follows). This marks the tenth month [...] Dennis Norman This morning the S&P/Case-Shiller Index report for September was released showing that home prices in the US increased in 3rd quarter 2009 by 3.1 percent (seasonally adjusted) from 2nd quarter. The 3rd quarter index shows a 8.9 percent decline from a year ago,however this is a marked improvement from the 14.7 [...] Dennis Norman This morning the S&P/Case-Shiller Index report for August was released showing that home prices in the 20 cities covered by their report fell 11.3 percent in August from a year ago. This is a smaller year over year decline than July when the index showed a 13.3 percent drop in home prices from a year [...] According to the S&P/Case-Shiller Home Price Indices,home prices in July declined 12.8 percent from a year ago in their 10-city composite and 13.3 percent in their 20-city composite. On a positive note,all 20 metro areas showed an improvement in the annual rates of decline when comparing July to June. [...] Today the S&P/Case-Shiller Home Price Indices report was released which showed that,although still negative,the annual rate of decline of the 10-City and 20-City Composites improved for the fourth consecutive month in 2009. The 10-City and 20-City Composites declined 16.8% and 17.1%,respectively,in May compared to the same month last year. These values are [...] By:Dennis Norman If you live in Los Angeles California or Orlando Florida,then the answer unfortunately is yes. However if you live in St. Louis Missouri,Louisville Kentucky,Boston Massachusetts,Houston Texas,Greenville South Carolina or any of dozens of metropolitan areas around the country the answer is no. So why then, for the past 2 days has the [...] | ||||
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