Thursday, March 31, 2016

S&P/Case-Shiller: January 2016

The latest release of the S&P/Case-Shiller (CSI) home price indices for January reported that the non-seasonally adjusted National index declined slightly from December with prices falling 0.04% while the non-seasonally adjusted Composite-10 city index declined 0.04% and the Composite-20 city index declined 0.02% over the same period.

On an annual basis, the National index increased 5.43% above the level seen in January 2015 while the Composite-10 city index increased 5.10% and the Composite-20 city index increased 5.75% over the same period.

On a peak basis, all three indices still show significant peak declines slumping 4.96% for the National index, -12.97% for the Composite-10 city index and -11.60% for the Composite-20 city index on a peak comparison basis.