U.S. House Price Indexes Update
All of the indexes fell in September.
Global Macro Perspectives
All of the indexes fell in September.
Seasonly adjusted S&P/Case-Shiller HPI 10 city composite fell 0.7% In September; On year level 10 city index is up 1.5%.
Seasonly adjusted S&P/Case-Shiller HPI 20 city composite fell 0.8%; On year level 20 city index is up 0.5%.
(For August 2010) FHFA Purchase Only House Price Index rose 0.4% in August. Housing index data is complete now, feels slightly negative but nothing alarming. Chart 1. FHFA Purchase Only House Price Index vs. CoreLogic Home Price Index, Radar Logic Composite 25 – 28 Day, S&P/Case-Shiller Home Price Index – Composite 20
No recovery in sight, but also the price declines are not worrying (jet). Chart 1. U.S. House Price Indexes
(For July 2010) FHFA House Price Index fell 0.5% in July vs. fall of 0.3%in June. On year level the index is down 3.3%. House prices could return to negative trend. Chart 1. FHFA House Price Index