Keeping you up to date on the latest data releases.
Both the 10- and 20-city S&P Case-Shiller home price indexes were up 0.9 percent from June to July. This is the fourth consecutive month housing prices have generally improved. On a monthly basis, only two cities posted declines, Las Vegas down 0.2 percent and Phoenix down 0.1 percent. On an annual basis, both the 10- and 20-city composites are down from last year, 3.7 and 4.1 percent, respectively, and although still in negative territory, 14 of the 20 cities saw their annual rates of change improve. On an annual basis, Detroit and Washington D.C. were the only two cities to post positive rates of change up 1.2 and 0.3 percent, respectively.
The FHFA purchase-only index gained 0.8 percent from July to June, but is still down 3.3 percent from July 2010. All census divisions showed increases except for the South Atlantic, which fell 0.4 percent in July and is down 5.4 percent from its level in July 2010. The largest monthly increase was in the West North Central division, where prices improved 3.6 percent and are now 0.2 percent above the July 2010 level, and is the only division with a year-over-year increase in prices. The composite index is still down 18.4 percent from its April 2007 peak.