Home prices rise slightly in September

S&P/Case-Shiller home price indices rose by 0.28 percent in September, signaling the beginning of a flattening of home prices.

By SoldAtTheTop,?Guest blogger / November 27, 2012

This graph shows S&P/Case-Shiller Composite-10 price index since 2000. The 10-city composite index increased 2.13 percent in September 2012 as compared to September 2011.

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The latest release of the?S&P/Case-Shiller (CSI) home price indices?for September reported that the non-seasonally adjusted Composite-10 price index increased a slight 0.28% since August while the Composite-20 index increased 0.29% over the same period.?

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Writer, The PaperEconomy Blog

'SoldAtTheTop' is not a pessimist by nature but a true skeptic and realist who prefers solid and sustained evidence of fundamental economic recovery to 'Goldilocks,' 'Green Shoots,' 'Mustard Seeds,' and wholesale speculation.

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The latest CSI data clearly indicates that the price trends, while continuing to experience a slight lift through the typically more active late-summer season, are beginning to see a flattening of sorts and?as I recently pointed out, the more timely and less distorted Radar Logic RPX data is starting to see the leveling off of prices yield to the typical seasonal downtrend into the fall.?

The 10-city composite index increased 2.13% as compared to September 2011 while the 20-city composite increased 3.00% over the same period.?

Both of the broad composite indices show significant peak declines slumping -29.77% for the 10-city national index and -29.20% for the 20-city national index on a peak comparison basis.?

To better visualize today?s results use?Blytic.com to view the full release.

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Source: http://rss.csmonitor.com/~r/feeds/csm/~3/xV0mti7JpQg/Home-prices-rise-slightly-in-September

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