Case Shiller price index

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Home Prices Take Biggest Jump Since 2006

Up 12.2% in May compared with a year ago

(Newser) - US home prices jumped 12.2% in May compared with a year ago, per the Standard & Poor's/Case-Shiller index of property values; that's the biggest yearly gain since March 2006, reports the AP . The highlights didn't stop there: Bloomberg reports that each of the 20 cities in... More »

Jan. Home Prices See Biggest Jump Since 2006

Case-Shiller index points to 8.1% growth year-over-year

(Newser) - Home prices jumped 8.1% this January compared to a year before, according to the 20-city Case-Shiller index. That beats economists' expectations of a 7.9% increase and marks the biggest year-over-year jump since the summer of 2006, the Wall Street Journal reports. In other words, it's "the... More »

Consumer Confidence Soars Past Expectations

There's good housing news, too

(Newser) - Consumer confidence soared to a seven-month high, flying far above analyst expectations, according to a Conference Board report released today. The board's index came in at 70.3, up from 61.3 a month earlier. That's a whole heck of a lot better than the 63 that the... More »

Home Prices Dive, Indicate Gloomy '12

Case-Shiller Home Price Index reverses 5 months of gains

(Newser) - After five straight months of gains through August, many market watchers had hoped home prices were finally trekking northward for good. No such luck: According to the just-released S&P/Case-Shiller Index, home prices fell in 19 of the nation’s 20 largest cities from September to October, bringing the index... More »

Housing Prices Hit New Recession Low

And there's no bottom in sight

(Newser) - The housing industry keeps finding new lows: Today's Case-Shiller price index shows that prices fell in the first quarter to the lowest levels since the crash began, reports the Wall Street Journal . The drop of 4.2%, on top of last quarter's 3.6% drop, is evidence of... More »

Housing Market Headed for Double Dip

Declines could hurt broader recovery

(Newser) - The housing market is cratering again, dousing the optimism that pervaded earlier this year. Prices fell for the third straight month in October, according to the S&P/Case Shiller index released yesterday, and economists expect them to keep dropping through early spring, wiping out any progress made since the market’... More »

Now's the Time to Buy a New Home

Prices and mortgage rates are down—a 'winning combination'

(Newser) - Today's new stats on housing prices yield one shakable fact amid tons of useless information: If you’re in the market for a house, this could be your moment. “Homes are now cheap,” writes Brett Arends. The combination of a 30% drop in home prices since 2005 and... More »

Home Prices Rise for 3rd Month

Case-Shiller index shows modest 1.6% increase in June

(Newser) - In another sign the housing market is stabilizing, home prices climbed 1.6% in July, the third consecutive month they have risen, according to the S&P Case-Shiller home-price index of 20 major cities. Though they're down 13.3% compared with this time last year, the year-over-year declines still beat... More »

May Home Prices Post 1st Gain in 3 Years

(Newser) - May home prices rose month-over-month for the first time in almost three years, according to the S&P Case-Shiller Index, edging up 0.4% from April. That still left them 17% lower than they were a year ago, however, the Wall Street Journal reports, with home prices at around 2003... More »

Stocks Down on Housing Data

(Newser) - A bad Case-Shiller number helped push stocks lower at the open, with the Dow down 37 points, and the Nasdaq and S&P down 0.4% and 0.5% respectively. Home prices fell more than 10% year-over-year in 15 of the 20 major metropolitan areas monitored by the Case-Shiller index,... More »

Dow Up 58 On Mixed Data

December existing-home sales rise 6.6%

(Newser) - Stocks ended higher for the third straight day today amid mixed financial news, the Finanical Times reports. Home prices sank, leading to a surge in sales, while consumer confidence remained low. A better-than-expected earnings report from AmEx led financials higher as the Dow closed up 58.70 points at 8,... More »

Earnings Drive Stocks Higher

(Newser) - A horrible housing report couldn’t hold stocks down at the open. The Dow rose 57 points, while the S&P and Nasdaq added 0.8% and 0.7% respectively, as investors digested a host of mixed earnings reports. Texas Instruments rose 4.4% after it announced a $107 million... More »

Home Prices Take Another Nose-Dive

Fall record 18% in year to October

(Newser) - Home prices in 20 US cities plunged 18% in October over the previous year, a record-breaking rate, Bloomberg reports. The S&P/Case-Shiller index, which has declined every month since January 2007, dropped 17.2% in September. "The bear market continues; home prices are back to their March 2004 levels,... More »

Home Prices Fall Again; Rate of Decline Sets Record

Consumer confidence numbers offer ray of hope

(Newser) - Home prices continued to nosedive in May, a signal that the housing crisis may be worsening and a red flag for the credit markets and Wall Street, reports the New York Times. Every region covered by the S&P/Case-Schiller home-price index showed a drop compared to May 2007, with the... More »

Home Prices Take Record Dive

Key index drops 12.7%; consumer confidence plummets

(Newser) - A key measure of home prices fell fell 12.7% in February, the biggest decline in its 7 years of existence, and consumer confidence measured this month hit a 5-year low, Bloomberg reports. The S&P/Case-Shiller home price index reflects the crush of foreclosures and resultant tightening of lending standards.... More »

Home Prices, Consumer Confidence Nosedive

Housing trouble worsens as recession worries mount

(Newser) - Home prices plummeted again in January, falling a record 10.7% compared to January 2007, according to the bellwether S&P Case/Shiller Hope Price composite. The March consumer confidence index, also out today, plunged to a 5-year low in yet another indication of recession, Bloomberg reports. The Conference Board measures... More »

Home Prices Decline Across Country

8.9% declines posted for fourth quarter in 10 biggest markets

(Newser) - Home prices in the top 10 metro areas slumped 8.9% over the previous year, the largest decline in 20 years, according to the closely watched S&P/Case-Shiller price index, released today. "Wherever you look things look bleak," one economist tells the Wall Street Journal, noting that declines... More »

Consumer, Housing Numbers Slump

News isn't all gloomy: Demand for durable goods surges

(Newser) - Consumer confidence fell a bit less than expected but still approached a 2-year nadir in January, reinforcing fears that Americans will put the brakes on personal spending. In other economic reports out today, the S&P/Case-Shiller housing-price index report showed a 7.7% year-over-year drop for November, Bloomberg reports, and... More »

Declines in Home Prices Could Triple

Economist see US in danger of recession; losses could last years

(Newser) - A top economist says the US is in danger of slipping into a lengthy recession, the Times of London reports. Robert Shiller, who co-developed the index that measures home prices, says losses from the housing recession could triple over the next few years. “This is a much bigger issue... More »

Home Prices Suffer Record Quarterly Drop

Housing market's woes worsen across the country

(Newser) - The housing slump deepened in September as home prices plummeted, posting a record 4.5% decline from third quarter 2006 to third quarter 2007, Marketwatch reports. The 1.7% decline from the second to the third quarter was also a record in the 21 years the bellwether index has been... More »

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