The US S&P/Case-Shiller Home Price Index rose 4.4% in the year ending in May, a slight rise from the April reading.
Earlier today, Case-Shiller reported that in May, housing prices dropped by 0.18%, the biggest decline since July 2014. Hardly a euphoric validation of the Fed's rate hike intentions. So what was the mainstream media's take on the topic? It all depends on who you ask. Reuters: or the WSJ.
Tuesday:• At 9:00 AM ET, the S&P/Case-Shiller House Price Index for May. Although this is the May report, it is really a 3 month average of March, April and May prices. The consensus is for a 5.6% year-over-year increase in the Comp 20 index for April. Show More Summary
Note: I follow several house price indexes (Case-Shiller, CoreLogic, Black Knight, Zillow, FHFA, FNC and more). Note: Black Knight uses the current month closings only (not a three month average like Case-Shiller or a weighted average like CoreLogic), excludes short sales and REOs, and is not seasonally adjusted.From Black Knight: U.S. Show More Summary
The key reports this week are Q2 GDP on Thursday, and Case-Shiller house prices on Tuesday. The FOMC meets on Tuesday and Wednesday, and no change to policy is expected at this meeting. ----- Monday, July 27th ----- 8:30 AM: Durable Goods Orders for June from the Census Bureau. Show More Summary
The Case-Shiller house price indexes for April were released two weeks ago. Zillow forecasts Case-Shiller a month early, and I like to check the Zillow forecasts since they have been pretty close.From Zillow: Case-Shiller Expected to...Show More Summary
In addition to Case-Shiller, and CoreLogic, I'm also watching the FNC, Zillow and several other house price indexes. FNC released their May 2015 index data today. FNC reported that their Residential Price Index™ (RPI) indicates that U.S. Show More Summary
This is a key distressed market to follow since Las Vegas has seen the largest price decline of any of the Case-Shiller composite 20 cities. The Greater Las Vegas Association of Realtors reported GLVAR reports home sales, prices post...Show More Summary
Trailblazer Ben Kinney will likely transmute ActiveRain into a powerhouse consumer content machine for hyper local real estate information. Think: Case-Shiller at the ZIP-code level married to the Next Door App...
Notes: This CoreLogic House Price Index report is for May. The recent Case-Shiller index release was for April. The CoreLogic HPI is a three month weighted average and is not seasonally adjusted (NSA).From CoreLogic: CoreLogic Reports National Homes Prices Rose by 6.3 Percent Year Over Year in May 2015CoreLogic®... Show More Summary
Please click here to see the edition of BuilderBytes for 7/2/15 on the Web. In this issue of the MetroIntelligence Economic Update, I covered the following indicators: Construction spending surged to 6.5-year high in May Case-Shiller...Show More Summary
Redbook reports that last week’s retail sales weakened to 1.6% on a year-ago basis, from the previous week’s already-weak 1.7%. The S&P Case-Shiller home price index rose 0.3% in April, with a 4.9% year-over-year increase. Chicago’s PMI sample remains surprisingly depressed, at a June index of 49.4, the 4th contractionary reading (sub-50) of the last […]
Backing the findings of other recent reports, Standard & Poor's/Case-Shiller’s U.S. National Home Price Index shows that home prices continue to escalate. Spanning April 2014 to April 2015, ten markets experienced year-over-year price growth that exceeded 5 percent. Overall, home prices escalated by 4.2 percent during the 12-month period...
Case-Shiller Index reports home values continuing to rise. How much of the data is even valid, though? Read more, and get today's mortgage interest rates. Click to read more: (Flawed) Case-Shiller Index Shows Home Values Rising Sharply With Mortgage Rates Low.
S&P/Case-Shiller index shows US housing recovery remains bumpy.
credit: Dimitri Otis/getty images The growth in sales prices for single-family homes slowed to 4.2% in April, carrying on a slowdown that has lasted nearly two years, S&P/Case-Shiller indicated Tuesday. On a national basis, prices appreciated...Show More Summary
While the 20-City index rose 4.9% YoY (but missed expectations by the most since July 2014), Case-Shiller's US Home Price Index dropped 0.02% in April - the first MoM drop since May 2014. Of course, all real estate is local and we note...Show More Summary
Home prices in Los Angeles and Orange counties rose 6.1% in April, according to a closely tracked gauge released Tuesday.
S&P/Case-Shiller released the monthly Home Price Indices for April ("April" is a 3 month average of February, March and April prices).This release includes prices for 20 individual cities, two composite indices (for 10 cities and 20Show More Summary
John Bazemore/AP By Michael Connor NEW YORK -- U.S. single-family home prices rose in April from a year earlier but at a slower pace than forecast, a closely watched survey said Tuesday. The S&P/Case Shiller composite index of 20 metropolitan areas in April gained 4.9 percent year over year. Show More Summary