This week, existing home sales were up 10% year over year. However, prices declined 7.1 percent in the same time period. Any ”’alleged’ green shoots were found in the quarter over quarter price declines of only 3.8% – boasting the smallest decline since Q1 of 2008. New home sales, meanwhile, were up 5.1% from [...]
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Case-Shiller Home Price Indices Release 10/27/09: Beat Expectations
From CNN/Money 10/27/09 Home prices rose for the fourth month in a row during August and suffered a smaller-than-expected annual drop, according to a report issued Tuesday. Prices in the S&P Case-Shiller Home Price index of 20 cities rose a non-seasonally adjusted 1.2% in August. It was the fourth consecutive monthly increase and followed a [...]