Keeping you up to date on the latest data releases.
In January, the S&P/Case-Shiller 10-city composite showed no change, while the 20-city composite ticked down for the third consecutive month—down 0.1 percent. On an annual basis, the 10- and 20-city composites rose 13.5 percent and 13.2 percent, respectively, however 12 of the 20 cities experienced annual declines. While some of the declines are likely due to cold weather, some areas like Las Vegas are still 45 percent below the peak reached in 2006. Elsewhere, Dallas and Denver are now less than 1 percent away from their recent all-time index highs.
The FHFA house price index rose 0.5 percent from December to January, and 7.4 percent over the past 12 months. The seasonally-adjusted purchase-only index for the nation has shown increases for 23 of the last 24 months. The Pacific region showed the largest improvement on a monthly and annual basis, up 0.8 percent and 14.0 percent, respectively. The overall index is now back to mid-2005 price levels.