Case-Shiller: Home prices up slightly in January(Read article summary)
S&P/Case-Shiller home price indices for January show a slight increase in home prices since December 2012. The latest S&P/Case-Shiller home prices data is beginning to demonstrate more resiliency than seen in recent years.
Today's release of the¬†S&P/Case-Shiller (CSI) home price indices¬†for January reported that the non-seasonally adjusted Composite-10 price index increased again rising a slight 0.16% since December while the Composite-20 index increased 0.13% over the same period.¬†
The latest CSI data is¬†beginning¬†to¬†demonstrate¬†more¬†resiliency¬†than seen in recent years as prices continue to move up, even just slightly, in the face of typical lower seasonal transactions.¬†
If this trend continues, rather than declining as has been seen in past years, prices may just remain flat into the February-March release in advance of the typical uplift from the more active spring transactions.
The 10-city composite index increased 7.25% as compared to January 2012 while the 20-city composite increased 8.08% over the same period. ¬†
Both of the broad composite indices show significant peak declines slumping -29.86% for the 10-city national index and -29.24% for the 20-city national index on a peak comparison basis.¬†
To better visualize today‚Äôs results use¬†Blytic.com to view the full release.