Keeping you up to date on the latest data releases.
The S&P Case-Shiller Housing Price Index rose 0.2 percent from July to August. Ten of the 20 cities covered saw positive month-to-month increases, including Cleveland—up 0.3 percent. On a year-over-year basis the 10- and 20-City composites have improved slightly but remain in negative territory, down 3.5 and 3.8 percent, respectively. Although 16 of the 20 MSAs have improved their annual rates. Detroit and Washington D.C. are the only two with positive figures, while Minneapolis remains the weakest on the index, down 8.5 percent. Both indexes are now back to their mid-2003 levels.
The FHFA Housing Price Index fell 0.1 percent from July to August. Compared to August 2010, housing prices have fallen by 4 percent which is nearly even with July’s annual figures. Across the country, monthly prices changes were modest. Prices ranged from a 1.3 percent decline in the West North Central to a 0.9 percent increase in the South Atlantic. On an annual basis, all nine census divisions experienced price declines from 7.6 percent in the Mountain region to 1.9 in the East South Central. On the whole, prices are 19.1 percent below the April 2007 peak.