S&P/Case-Shiller: Home Prices Lose Seasonal Support. Momentum Moderating
December 29, 2009 – 9:52 amPosted To: MND NewsWire
Standard and Poor's released the Case Shiller Home Price Index this morning. The S&P/Case-Shiller Home Price Indices are constructed to accurately track the price path of typical single-family homes located in each metropolitan area provided. Each index combines matched price pairs for thousands of individual houses from the available universe of arms-length single family homes sales data. The indices have a base value of 100 in January 2000; thus, for example, a current index value of 150 translates to a 50% appreciation rate since January 2000 for a typical home located within the subject market. In last month's release, U.S. home prices, as measured by the 20 city index rose by 0.3% on a month over month basis, less than the 0.8% gain the market was anticipating. The 10-city...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.