Tuesday, March 25, 2014

S&P/Case-Shiller: January 2014

Today's release of the S&P/Case-Shiller (CSI) home price indices for January reported that the non-seasonally adjusted Composite-10 price index went flat with prices rising just 0.01% from December while the Composite-20 index actually declined 0.08% over the same period.

The latest CSI data appears to be indicating that the typical seasonal deceleration in prices is underway with the extent of the slowing still to be decided with coming months data.

The 10-city composite index increased 13.54% as compared to January 2013 while the 20-city composite increased 13.24% over the same period.

Both of the broad composite indices still show significant peak declines slumping -20.42% for the 10-city national index and -19.86% for the 20-city national index on a peak comparison basis.