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.
Writer, The PaperEconomy Blog
'SoldAtTheTop' is not a pessimist by nature but a true skeptic and realist who prefers solid and sustained evidence of fundamental economic recovery to 'Goldilocks,' 'Green Shoots,' 'Mustard Seeds,' and wholesale speculation.
Pending home sales fall. Shutdown to blame?
Existing home sales fall 3.2 percent in October
Homebuilder activity flat in November
October Employment Situation Report: Better than September, still worse than 2007
Initial unemployment claims down, continued unemployment claims up
Subscribe Today to the Monitor
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.
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.
The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here.To add or view a comment on a guest blog, please go to the blogger's own site by clicking on paper-money.blogspot.com.