Skip to main menu Skip to search Skip to footer
Menu
Menu

Home prices increase in August

The S&P/Case-Shiller non-seasonally adjusted Composite-10 price index increased 0.87 percent since August.

SoldAtTheTop
This graph tracks the S&P/Case-Shiller Composite-10 Index since 2000. The Composite-10 home prices index increased 1.35 percent in August 2012 compared to August 2011.

The latest release of the S&P/Case-Shiller (CSI) home price indices for August reported that the non-seasonally adjusted Composite-10 price index increased 0.87% since August while the Composite-20 index increased 0.88% over the same period. 

The latest CSI data clearly indicates that the price trends continued to experience 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 1.35% as compared to August 2011 while the 20-city composite increased 2.03% over the same period. 

Both of the broad composite indices show significant peak declines slumping -29.90% for the 10-city national index and -29.37% for the 20-city national index on a peak comparison basis. 

To better visualize today’s results use Blytic.com to view the full release.

You've read  of  free articles. Subscribe to continue.
Mark Sappenfield
Editor

Dear Reader,

About a year ago, I happened upon this statement about the Monitor in the Harvard Business Review – under the charming heading of “do things that don’t interest you”:

“Many things that end up” being meaningful, writes social scientist Joseph Grenny, “have come from conference workshops, articles, or online videos that began as a chore and ended with an insight. My work in Kenya, for example, was heavily influenced by a Christian Science Monitor article I had forced myself to read 10 years earlier. Sometimes, we call things ‘boring’ simply because they lie outside the box we are currently in.”

If you were to come up with a punchline to a joke about the Monitor, that would probably be it. We’re seen as being global, fair, insightful, and perhaps a bit too earnest. We’re the bran muffin of journalism.

But you know what? We change lives. And I’m going to argue that we change lives precisely because we force open that too-small box that most human beings think they live in.

The Monitor is a peculiar little publication that’s hard for the world to figure out. We’re run by a church, but we’re not only for church members and we’re not about converting people. We’re known as being fair even as the world becomes as polarized as at any time since the newspaper’s founding in 1908.

We have a mission beyond circulation, we want to bridge divides. We’re about kicking down the door of thought everywhere and saying, “You are bigger and more capable than you realize. And we can prove it.”

If you’re looking for bran muffin journalism, you can subscribe to the Monitor for $15. You’ll get the Monitor Weekly magazine, the Monitor Daily email, and unlimited access to CSMonitor.com.

Subscribe to insightful journalism