BizJournals Portfolio
Home >   Business Views, Opinions and Blogs >   Business Blogs >   Odd Numbers >  

Case Shiller Drop Accelerates

Odd Numbers

by Zubin Jelveh
Main
Chart of the Day: Armageddon Betas   Mark Cuban Is Brimming With Originality

Recent Blog Posts

Links

Sep 30 2008 10:44am EDT

Case-Shiller Drop Accelerates

After four months of decelerating price falls, the Case-Shiller 20-city home-price index fell 0.9 percent in July compared with a 0.5 percent decline in June.

Wrightson-ICAP:

We estimate that the monthly decline in July translates into a seasonally adjusted annual rate of about 13%, worse than the June pace of about 10%, but still better than the 25% rate of deterioration that had prevailed during the winter.  Seasonal tendencies will become neutral and then turn negative over the next few months, so monthly headline declines should probably move back above 1% in the near future.  The latest monthly drop left the index with a YOY decline of 16.4%, and put it 19.5% below its July 2006 peak.

Looking at the city-by-city tallies, six regions recorded price gains in July, down from 9 in June:

caseshill.gif

Comments

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.


Connect With Portfolio.com
Like Portfolio on Facebook

Come on, like us—you know you want to.

Follow Portfolio on Twitter

Follow us and if you're an innovative entrepreneur, we'll return the favor.

The Mix

Today's top stories, conversation starters, and the back nine business bites.

spotlight on

People & Ideas

Whisky To-Go-Go

Now there's a company that let's you taste your knowledge of fine blended Scotches by mixing a whisky of your own. Read More