Case-Shiller Update: Some Month-to-Month Gains

This update of the Case Shiller Home Price Index goes out to the folks over at Junk charts who seemed to like it so much last month - note that the x-axis scale has been fixed but there have been no changes to the drop-shadows.

There were a total of eight metropolitan areas with month-to-month gains, led by a 2.9 percent increase in Cleveland, but the more important year-over-year results showed declines in all 20 cities.

Las Vegas and Miami take top honors once again with declines of 26.8 and 26.7 percent, respectively, from year ago levels.

 

Comments

[sharesnewbie]

The above chart is very impressive. Did you draw this chart yourself? If yes, can you please mention which software you used? Doesn't look like an Excel chart though...

[billddrummer]

Excellent chart.
It's instructive to see that the metro areas that appreciated the most slowly are the ones now showing some signs of life.

Classic unsustainable bubble, played out over the entire country.

[User 217508]

What does "Baghdad Bob" (aka Lawrence Yun) have to say about this?

[niterider]

"Baghdad Bob" (aka Lawrence Yun ) will say things are improving , and house prices should start climbing within 3 - 6 months. The downturn is over.

[User 217508]

From NAR:
"S&P/Case-Shi... Home Price Indices for April showed… the pace of monthly home price declines had slowed…"
read: the bad news ain't comin as fast as before"