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Case-Shiller's 20-city home price index dropped 0.1% MoM in October (on an unadjusted basis) - the second monthly drop in a row and biggest drop since the Polar Vortex. Year-over-year, home prices rose 4.5% - the weakest growth since October 2012. While this modestly beat expectations (+4.5% vs +4.4% exp.), it is the 11th month in a row of growth deceleration. Also of note: the Top 20 Composite index is now down for the second month in a row, dropping to 173.36. The question now is whether the downside momentum will pick up.Worst annual gain since Oct 2012 and...

Following misses in yesterday's Markit Service PMI, Existing Home Sales and the Dallas Fed report, and today's Durable Goods numbers, we just made it a pentafecta for misses in US econ data, when the just released August Case-Shiller data for August confirmed once again that US housing is rapidly slowing down, when the Top 20 Composite Index (Seasonally Adjusted) posted another decline in August, its fourth in a row, declining by -0.15% and missing expectations of a modest 0.2% rebound (following last month's -0.5%) decline. The best summary of the situation came from S&P's David Blitzer: "The deceleration in...

Mamta BadkarMay 27, 2014 We just got March S&P Case-Shiller home prices that beat expectations. The numbers showed home prices were cooling, but they nevertheless reflected increases on month-over-month and year-over-year bases. However, Ian Shepherdson chief economist at Pantheon Macroeconomics says "this report makes no sense." This is because "every indicator" of the house market he watches is slowing or falling. "We don't know if the March problem is Easter seasonal adjustments or the long-standing issue of fully adjusting for changes in the proportion of foreclosure sales in the sample, but we think the real trend in existing home prices...

The S&P Case-Shiller repeat sales house price indices were released this morning. The U.S. National Home Price Index rose 3.2% in the third quarter of 2013 and 11.2% over the last four quarters. Call me crazy, but the recent expansion of house prices (red) looks faster than the rapid expansion during the housing bubble (orange). The recent rapid expansion of house prices coincides with the unprecedented monetary stimulus by The Federal Reserve. csindices112613 The big winner from August to September? Bankrupt Detroit! And in the LPS house price report from yesterday, bankrupt Modesto showed a good gain. Other winners in...

The S&P Case-Shiller house price index was released this morning for July. The seasonally adjusted index rose 0.62% in July versus an expectation of 0.80%. cshp The rate of growth in house prices is slowing down. csmomjuly13 Here is the Case-Shiller 20 city index against the Loan Performance house price index (yellow). csloanhp For the non seasonally adjusted types, Case-Shiller rose 1.8% in July. All 20 metro areas saw gains in house prices. For the SA measure, only Cleveland and Minneapolis had declines. csmtreo092413 And all this despite mortgage purchase applications remaining at 1997 levels. mbaplt091813

Tomorrow at 9am EST, the S&P Case-Shiller house price index will be released. The survey of economists is for a print of +0.80% increase. csfore The high forecast? Lea Tyler from Oxford Economics at +2.50%. The low forecast? E. Green/M. Mulrain at TD Securities at 0.40%. We can look at CoreLogic’s Loan Performance Index for a peak at what CS might do for July. cslp CoreLogic’s house price index rose more than 0.80 for July, so we shall see about Case-Shiller tomorrow. But this continues to be a low mortgage purchase application recovery in prices.

The S&P/Case-Shiller index of house prices climbed 12.2 percent from May 2012, the biggest 12-month gain since March 2006, after advancing 12.1 percent a month earlier. cs073013 The Case-Shiller index is separating from the MBA Purchase Application Index. The MBA numbers are due out tomorrow. csmbapurchae Here is a breakdown of the Case-Shiller index. Los Angeles, which accounts for a whopping 15.1% of the Case-Shiller 20 house price index, posted a 19.2% YoY gain. San Francisco posted a 24.5% gain, and 23.3% in Las Vegas. New York posted the smallest gain at 3.3%. csmetro073013a The big surprise? Bankrupt Detroit gained...

As expected (based on Loan Performance’s HPI index yesterday), the S&P Case-Shiller 20 metro index showed average home prices increased 11.6% and 12.1% for the 10- and 20-City Composites in the 12 months ending in April 2013. From March to April, the 10- and 20-City Composites rose 2.6% and 2.5%. Case-Shiller is in white, Loan Performance is in yellow. cs062513 Again, like Loan Performance, all 20 cities and both Composites showed positive year-over-year returns for at least the fourth consecutive month. Atlanta, Dallas, Detroit and Minneapolis posted their highest annual gains since the start of their respective indices. On a...

<p>I wonder if Shakespeare was thinking about real estate in his place “MacBeth?”</p>

SHILLER: Enough With The Happy Housing Talk -- House Prices Will Be Flat For 10 Years Bernice Napach, Yahoo Daily TickerMay 1, 2013 More good news on the housing market. Yesterday, the S&P/Case-Shiller Home Price index posted its biggest annual increase since 2006—just before the housing market crash. Home prices in all 20 metro areas included in the index rose for the second month running. Phoenix led, with a 23% annual increase followed by San Francisco (18.9%), Las Vegas (17.6%) and Atlanta (16.5%). Still, Robert Shiller, co-creator of the index, is cautious. “There’s a lot of excitement in the housing...

The Case-Shiller house price indices were released this morning. The 20-City Composite posted an annual returns\ of +0.5% in June 2012. Month-over-month, average home prices in the 20-City Composite were up 2.3% versus May. You can see the Case-Shiller 20 Composite (green) compared to recent prints by FNC (blue) and FHFA Purchase (gold). For the second consecutive month, all 20 cities and both Composites recorded positive monthly gains. Eighteen of the 20 MSAs and both Composites posted better annual returns in June as compared to May 2012 – only Charlotte and Dallas saw a deceleration in their annual rates. As...

Despite January being the first of 3 record warm winter months, which saw virtually all other economic indicators boosted on the heels of 'April in February', today's incomplete Case Shiller data (Charlotte, NA was missing), indicated that in the first month of the year, prices across the top 20 MSAs dropped once again, posting a 9th consecutive decline, declining by 0.04% to 136.60. The Seasonally Adjusted print brings the average home price to December 2002 levels. And just to avoid Seasonal Adjustment confusion which courtesy of a record warm winter is all the rage, the NSA data showed a...

According to S&P Case-Shiller, The S&P/Case-Shiller index of property values in 20 cities declined 3.7 percent from November 2010 after decreasing 3.4 percent in the year ended in October. If we look at the Case-Shiller 20 City Index (blue) and Bankrate’s 30 year mortgage average rate (orange), you can see the problem. Mortgage rates continue to fall, but housing prices continue to fall with it. Of course, foreclosed properties are still a drag on the housing market. On a month-over-month (MoM) basis, Case-Shiller 20 City index fell -0.7%, more than expected (SA). But if we look at Non Seasonally-Adjusted (NSA)...

‘Unexpected’ U.S. Home Price Decline Is A Serious Reason To Worry About Economy Housing-Market / US Housing Dec 30, 2010 - 05:26 AM By: Mac Slavo The Standard & Poors/Case-Shiller index’s most recent report shows that home prices across the country are sliding. For economists, this is yet another unexpected decline. For readers of non-mainstream news, analysis and opinion, this was to be expected. Robert Shiller, co-creator of the index joins the Wall Street Journal and shares his perspective: It’s still only a few months we’ve seen these declines. So, it’s not clear that we have a downtrend. But, if...

The housing bubble continues to deflate despite the Obama administration’s efforts to delay the inevitable. Housing prices sank faster in September than in any time this year after seeing them rise briefly in the spring, thanks to short-term interventions by the federal government. As foreclosures start increasing, values will drop even further: Home prices are falling faster in the nation’s largest cities, and a record number of foreclosures are expected to push prices down further through next year. The Standard & Poor’s/Case-Shiller 20-city home price index released Tuesday fell 0.7 percent in September from August. Eighteen of the cities recorded...

Case-Schiller's September housing report came out worse than expected, confirming to any doubters that the housing double dip is here. National home prices dropped 1.5% in September. The new data will worsen Case-Shiller's already bearish outlook for the housing market. Earlier this month, it forecast a 7.1 percent drop in prices from Q2 '10 to Q2 '11, with price stagnation through Q2 '12. This is a brutal forecast, which would have wide economic consequences. Five years after the housing peak, markets in Florida, Nevada and California would remain down around 60 percent.

Housing Numbers - Are They Being Cooked?September 1,2010 The Market Ticker Karl Denninger I have a very disturbing email that came in this evening. It alleges out-and-out fraudulent reporting of home sales in one of the regional MLS systems. That is, prices paid that are in fact much lower than the "sold" prices reported in the MLS. The person in question claims to have seen over 100 of these in his area. I have copies of two, and it appears, from the evidence that I have, that at least for those two the claim is accurate. One in particular I...

The numbers: A 4.2% gain in June (and 4.4% gain in Q2) is better than expected, but as S&P is noting, there's likely a major impact from the tax credit, which has since expired. Home price gains were seen in 17 of the 30 cities. Stocks are coming back a bit, though are still looking towards a lower open. Here's the year-over-year chart from the release (See Chart 1): And here's a look the index (See Chart 2)

Get Ready: The Case-Shiller Will Show Housing Is Falling Again Vince VenezianiOct. 26, 2009, 12:43 PM The last few Case-Shiller reports have shown sequentially increasing home prices, but that's about to come to an end when the new numbers come out tomorrow. The Altos Research 10-City Composite Index is down 1.1% for the third quarter of 2009. Altos Research: From our October 2009 Real-time Housing Report, The Altos Research 10-City Composite Index was down by 0.5% in September and 1.1% during the third quarter. Using the housing market ask prices and more specifically, looking at the ask prices of new...