Home prices lift in July

The latest release of the S&P/Case-Shiller home price indices for July 2012 reported that the non-seasonally adjusted Composite-10 price index increased 1.52 percent since June.  

By , Guest blogger

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    This chart shows S&P/Case-Shiller Composite-10 price index since 2000. The non-seasonally adjusted Composite-10 price index increased 1.52 percent since June 2012.
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Note... be sure to bookmark the overall S&P/Case-Shiller Dashboard or the Scary Housing Dashboard of the weakest markets for a real-time view of all the markets tracked by S&P. 

The latest release of the S&P/Case-Shiller (CSI) home price indices for July reported that the non-seasonally adjusted Composite-10 price index increased 1.52% since June while the Composite-20 index increased 1.59% over the same period. 

The latest CSI data clearly indicates that the price trends are experiencing a lift through the typically more active spring-summer season and as I recently pointed out, the more timely and less distorted Radar Logic RPX data while continuing to capture rising prices, is starting to see a leveling off of the trend as the data moves through the summer transactions and heads for the typical declines seen in late-summer and fall. 

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The 10-city composite index increased 0.62% as compared to July 2011 while the 20-city composite increased 1.20% over the same period. 
Both of the broad composite indices show significant peak declines slumping -30.49% for the 10-city national index and -29.98% for the 20-city national index on a peak comparison basis. 

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