The latest release of the S&P/Case-Shiller (CSI) home price indices for September reported that the non-seasonally adjusted Composite-10 price index increased a slight 0.28% since August, while the Composite-20 index increased 0.29% over the same period.
The latest CSI data clearly indicates that the price trends, while continuing to experience a slight lift through the typically more active late-summer season, are beginning to see a flattening of sorts. As I recently pointed out, the more timely and less distorted Radar Logic RPX data is starting to see the leveling off of prices yield to the typical seasonal downtrend into the fall.
The 10-city composite index increased 2.13% as compared to September 2011 while the 20-city composite increased 3.00% over the same period. Both of the broad composite indices show significant peak declines, slumping -29.77% for the 10-city national index and -29.20% for the 20-city national index on a peak comparison basis.