S&P/Case-Shiller shows new low for home prices in 1Q

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The latest house price data (the S&P Case-Shiller index) shows a clear downward trend for the most recent. In technical parlance the gain was rolled-over until the new home was sold. Homeowners.

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US home prices hit new low Home prices across the United States have hit the lowest point since the housing bubble burst in 2009, dropping 4.2 percent in the past three months. Prices of US homes have not been this low since 2002, when that year’s S&P Case-Shiller national home price index was released.

This morning, the S&P/Case-Shiller Index report for June was released showing US home prices increased for the third consecutive month however, average home prices in the U.S. are still about the same as they were over 8 years ago in early 2003. The report shows their 20-city composite home price index increased by 1.1 percent from the month before and declined by 4.5 percent from a year ago.

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The average price of a single-family home reached a new low in the first quarter and is now at 2002 levels, according to the Standard & Poor’s/Case-Shiller index. The downturn is the most acute.

home equity to support additional spending through borrowing. Wealth effects are supportive, with generally high equity prices that are only about 2% from their highs (and 40% above January 2015 levels) and housing values that are still rising broadly across the country. The S&P/Case-Shiller 20-City Composite Home Price Index moved to

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FHFA Regional Home Prices (year-over-year) FHFA 2013 1Q HPI Report . 2013 1Q 2012 2Q 2012 3Q 2012 4Q .. The percentage of buyers considering paying more for a home now than 90 days ago because of low inventory. Signs of New Housing Bubble in Several Areas – CNN May 17th. 91% of Regions are. reason to believe that new home price bubbles

The latest S&P/Case Shiller 20-city report shows home prices posted a steep drop in November, falling 1.3%. Some of the hardest-hit cities include chicago, Atlanta and Detroit. Compared to a year ago, home prices are down close to 4%.

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