Tuesday, August 30, 2011

Nationally, Home Prices Went Up in the Second Quarter of 2011 According to the S&P/Case-Shiller Home Price Indices


Home Price Indices, the leading measure of U.S. home prices, show that the U.S. National Home Price Index increased by 3.6% in the second quarter of 2011, after having fallen 4.1% in the first quarter of 2011.

With the second quarter’s data, the National Index recovered from its first quarter low, but still posted an annual decline of 5.9% versus the second quarter of 2010. Nationally, home prices are back to their early 2003 levels.

All American Investor


As of June 2011, 19 of the 20 MSAs covered by S&P/Case-Shiller Home Price Indices and both monthly composites were up versus May – Portland was flat. However, they were all down compared to June 2010.

Twelve of the 20 MSAs and both Composites have now increased for three consecutive months, a  sign of the seasonal strength in the housing market. None of the markets posted new lows with June’s report.

Minneapolis posted a double-digit 10.8% annual decline; Portland is not far behind at -9.6%.

Thirteen of the cities and both composites saw improvements in their annual rates; however; they all are in negative territory and have been so for three consecutive months.



Read Nationally, Home Prices Went Up in the Second Quarter of 2011



Original content Bob DeMarco, All American Investor