“Today’s release of the S&P/Case-Shiller (CSI) home price indices for November reported that the non-seasonally adjusted Composite-10 price index declined a slight 0.17% since October while the Composite-20 index declined 0.09% over the same period.
The latest CSI data clearly demonstrates that the typical seasonal pattern is continuing to play with price weakness coming as a result of lower transactions. If this trend continues, prices should continue to decline into the February-March release in advance of the typical uplift from the more active spring transactions”
DSNews had this to say above the November Case-Shiller numbers,
“Despite a month-over-month drop, the 10- and 20-city Case-Shiller Home Price Indexes registered their strongest year-over-year improvement in two and a half years on a non-seasonally adjusted basis, Standard & Poor’s reported Tuesday. The 10-city index fell 0.2 percent and the 20-city index dropped 0.1 percent in November, but year-over-year, the 10-city index was up 4.5 percent, and the 20-city index rose 5.5 percent. It was the strongest year-over-year gain in the 10-city index since June 2010 and in the 20-city index since May 2010.”
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