S&P/Case-Shiller Home Price Index: Does it Show a Rebound or New Bubble?

The latest S&P/Case-Shiller Home Price Index covering 20 major cities shows a year on year increase in home prices of 12.1%. Month on month, 13 of the 20 cities posted increases above 2% with San Francisco leading at 4.9%. This is the highest monthly increase in the history of the S&P/Case-Shiller Home Price Index.

Latest Case-Schiller Index – Atlanta, Las Vegas, Hit New Lows

To sum up the latest Case-Schiller Housing Price Report, the good news is that the bad news is not quite as bad as it was. But the bad news is that Atlanta, Las Vegas, Chicago, Portland and New York have hit new lows as home prices in these cities continue a slow but steady slide.

400 Phoenix Foreclosures Hit the Block This Month

In news from Phoenix’s beleaguered real estate market some 400 foreclosures will go on the auction block February 12th and 13th. According to the S&P/Case Shiller Home Price Indices, Phoenix home prices have been chopped down by more than half, 53.9 percent since 2006’s peak, in fact. This auction will take place both days at 1:00 p.m. at the Pointe Hilton Squaw Peak Resort.

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