Seeking Alpha
Analyst, REITs
Profile| Send Message| ()  

Today's release of the S&P/Case-Shiller (CSI) home price indices for August reported that the non-seasonally adjusted Composite-10 price index rose a notable 1.33% since July while the Composite-20 index also increased 1.32% over the same period.

The latest CSI data is continuing to demonstrate significant resiliency compared to past years, as prices remained stable through the typically slow winter and early spring period and has been rising notably through the more active spring-summer months.

The 10-city composite index increased 12.75% as compared to August 2012 while the 20-city composite increased 12.82% over the same period.

Both of the broad composite indices still show significant peak declines slumping -21.01% for the 10-city national index and -20.33% for the 20-city national index on a peak comparison basis.

Source: S&P/Case-Shiller: August 2013 Reported