March data for the Standard & Poor's/Case-Shiller home price index, which tracks the changes in the prices of homes nationally and in 20 major metropolitan area, was released yesterday. Home prices increased in 12 of tho 20 cities, including Miami and Tampa. Prices dropped in Atlana, Chicago and Detriot. For the first quarter of 2012, the national composite, the 10-City Composite and the 20-City Composite were at new post-crisis lows.
The national composite decreased by 2.0% and was down 1.9% versus the first quarter of 2011. The 10- and 20-City Composites saw annual returns of -2.8% and -2.6%, respectively, in March 2012. Month-over-month, their changes were insignificant; average home prices in the 10-City Composite fell by 0.1% compared to February and the 20-City remained essentially the same.
No comments:
Post a Comment