Keeping you up to date on the latest data releases.
From June to July, the S&P Case-Shiller home price indexes improved a seasonally-adjusted 0.42 percent for the 10-city index and 0.4 percent for the 20-city index. This is the third consecutive month that all 20 cities have recorded positively monthly changes and the sixth consecutive month for both indexes. On an annual basis both the 10- and 20-city indexes improved the highest levels since late 2010, showing growth of 0.57 percent and 1.14 percent, respectively over the past 12-months. Compared to July 2011, fifteen of the 20 MSAs posted better annual growth rates, two MSAs saw no change and three MSAs including Cleveland saw their annual rates worsen.
The FHFA housing price index rose a seasonally adjusted 0.2 percent in July after downwardly revising the June estimate. Over the past 12-months the index rose 3.7 percent, showing positive annual growth for the sixth consecutive month. Regionally, prices ranged from an 11.9 percent increase in the Mountain region to a 1.4 percent decrease in the New England region. Overall housing prices are back to mid-2004 index levels.