The S&P Case Shiller home price index shows a -3.7% decline from a year ago over 20 metropolitan housing markets and a -3.6% decline for the top 10 housing markets from November 2010. Home prices are back to early 2003 levels. S&P on the continued falling home prices:
In December, New Residential Single Family Home Sales decreased -2.2%, or 307,0000 annualized sales. This report has a ±13.2% monthly margin of error and November single family home sales were significantly revised, from +1.6% to +2.3%.
The S&P Case Shiller home price index shows a -3.4% decline from a year ago over 20 metropolitan housing markets and a -3.0% decline for the top 10 housing markets from October 2010. Home prices are back to early 2003 levels.
In November, New Residential Single Family Home Sales increased +1.6%, or 315,000 annualized sales. But watch for it, this report has a ±12.2% monthly margin of error. New single family home sales have increased 9.8% from a year ago.
The S&P Case Shiller home price index shows a -3.9% decline from a year ago over 20 metropolitan housing markets and a -3.3% decline for the top 10 housing markets from September 2010. Home prices are back to Q1 2003 levels.
In October, New Residential Single Family Home Sales increased +1.3%, or 307,000 annualized sales. But watch for it, this report has a ±19.7% margin of error. This is a +8.9% increase from a year ago.
The S&P/Case-Shiller Home Price indexes for September 2010 were released today. Nationally, home prices have dropped back to their 2003 levels. The lowest point in home prices was Q1 2009 and prices have risen 4.9% nationally since that time (but declining this month).
The online real estate site Zillow, released a new research study where they conclude home prices will continue to fall until Q2 2011...at the earliest. Why? One word: foreclosures.
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