Home prices lift in July
Note... be sure to bookmark the聽overall S&P/Case-Shiller 聽or the聽Scary Housing 聽of the weakest markets for a real-time view of all the markets tracked by S&P.聽
The latest release of the聽S&P/Case-Shiller (CSI) home price indices聽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.聽
The latest CSI data clearly indicates that the price trends are experiencing a lift through the typically more active spring-summer season and聽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.聽
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.聽
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.聽
