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ECON: Case-Shiller Home Prices Improve In Line With Expectations
Posted to: Micro News
Tuesday, November 27, 2012 9:09 AM
- 20 City Index +0.4 vs +0.4 Consensus and Previous
- Unadjusted +0.3 vs +0.5 Consensus
- Year over year +3.0 pct vs +2.9 pct Consensus
Data through September 2012, released today by S&P Dow Jones
Indices for its S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, showed
that home prices continued to rise in the third quarter of 2012. The national composite was up 3.6% in the
third quarter of 2012 versus the third quarter of 2011, and was up 2.2% versus the second quarter of 2012.
In September 2012, the 10- and 20-City Composites showed annual returns of +2.1% and +3.0%. Average
home prices in the 10- and 20-City Composites were each up by 0.3% in September versus August 2012.
Seventeen of the 20 MSAs and both Composites posted better annual returns in September versus August
2012; Detroit and Washington D.C. recorded a slight deceleration in their annual rates, and New York saw
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