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March S&P Case-Shiller Home Price Index: 0.09%M/M vs. 0.2 expected, 0.15% prior. -2.6% Y/Y...
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Tuesday, May 29, 2012, 9:00 AM ETMarch S&P Case-Shiller Home Price Index: 0.09%M/M vs. 0.2 expected, 0.15% prior. -2.6% Y/Y vs. -2.6% expected, -3.5% prior.
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" However, with these latest data, all three composites still posted their lowest levels since the housing crisis began in mid-2006.
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“While there has been improvement in some regions, housing prices have not turned,” says David M. Blitzer, Chairman of the Index Committee at S&P Indices. “This month’s report saw all three composites and five cities hit new lows. However, with last month’s report nine cities hit new lows. Further, about half as many cities, seven, experienced falling prices this month compared to 16 last time."