Case-Shiller: Given the economy, housing should be doing better

By Jann Swanson | Mortgage News Daily

Both the S&P Dow Jones Indices and home price indicators from the Federal Housing Finance Agency (for March continue to show slowing appreciation although there also continue to be significant regional differences. 

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S census divisions, reported a 3.7 percent annual gain in March, down from 3.9 percent in the previous month. Before seasonal adjustment, the National Index posted a month-over-month increase of 0.6% in March, jumping from an 0.2 percent gain in February, but after seasonal adjustment, there was no change from the 0.3 percent increase posted in February.

The annual increase in the 10-City Composite was 2.3 percent compared to 2.5 percent in March while the 20-City Composite increased 2.7 percent, down from a 3.0 percent rate of appreciation the prior month.  Both composites posted identical month-over-month changes, 0.7 percent before seasonal adjustment and 0.1 percent afterward.  Nineteen of 20 cities posted positive changes on an unadjusted basis and 14 of 20 cities after adjustment.


Share this!

Additional Articles

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories