State of the real estate economy
Last month’s S&P Case-Shiller reports shows home prices trending up in most cities despite a national average 2.5% dip but also revealed that 25% of home loan holders are under water, news that rocked the real estate industry.
Today, S&P Case-Shiller reports that their home price index is improving comparing January 2010 to December 2009. S&P reports that their ten city composite is almost unchanged from where it was 12 months ago (which is a heck of a lot better than a decline), and the 20-city composite is down less than 1% in home prices.
According to Standard and Poor’s, “Annual rates for the two Composites have not been this close to a positive print since January 2007, three years ago.”
How it all looks (note that beautiful rebound):
Interestingly, media coverage by CNN and others took a negative spin, hollering that home prices are down. They are, but the real story is that there’s a rebound, just look at this chart! Spin it how you will, but I see sad news in comparison to several years ago, but in the last two years, this is beautiful news.
Lani is the COO and News Director at The American Genius, has co-authored a book, co-founded BASHH, Austin Digital Jobs, Remote Digital Jobs, and is a seasoned business writer and editorialist with a penchant for the irreverent.
RealEstate Babble
March 31, 2010 at 12:34 am
AgentGenius: S&P Case-Shiller Home Price Index Shows Market Improvement https://bit.ly/bG8bvC Full https://bit.ly/c0mws9
Natasha Hall
March 31, 2010 at 1:03 am
S&P Case-Shiller Home Price Index Shows Market Improvement – State of the real estate economy Last month's S&P Case… https://ow.ly/16W2aQ
frank cava
March 31, 2010 at 2:28 am
RT @door2wealth: S&P Case-Shiller Home Price Index Shows Market Improvement: State of the real estate economy
Last month’s S&P Case… https://bit.ly/aP7YE0
Valerie Karpeck
March 31, 2010 at 1:49 pm
@agentgenius S&P Case-Shiller Home Price Index Shows Market Improvement https://bit.ly/cgTFpX
BHG Real Estate
March 31, 2010 at 3:40 pm
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Social Marketing
March 31, 2010 at 4:08 pm
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March 31, 2010 at 5:23 pm
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Vaughan Builders
April 26, 2010 at 8:27 pm
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