Tuesday, December 31, 2013

Case-Shiller: Comp 20 House Prices increased 13.6% year-over-year in October

by Bill McBride on 12/31/2013 09:24:00 AM

Note: I'm having difficulties with the S&P website. I'll some graphs soon ...

From Reuters: US home prices notch big annual gain: S&P/Case-Shiller

The S&P/Case Shiller composite index of 20 metropolitan areas gained 0.2 percent in October on a non-seasonally adjusted basis ... On a seasonally-adjusted basis, prices were up 1 percent.

Compared to a year earlier, prices were up 13.6 percent ...

the more subdued monthly gains "show we are living on borrowed time and the boom is fading," David Blitzer, chairman of the index committee at S&P Dow Jones Indices, said in a statement.
This was close to the consensus forecast of a 13.7% year-over-year increase.