Case-Shiller Housing Data Confirm Move Below Post-Bubble Trough

The house price data has been dismal in the last several months. With the S&P/Case Shiller Home Price Indices released today, we have now passed below the post-bubble trough and are hitting new low prices across the country. For data through January 2011, the broad Composite-20 index is down 3.1% compared to January 2010. The Composite-10 index is down 2.0% in that time frame. The mortgage and housing industries continue to be a drag on growth as the market struggles to clear the massive overhang of inventory.

Case-Shiller January 2011

Like Last month, only one market in twenty, Washington D.C., showed a price increase.

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Case-Shiller January 2011-2

 

The previous months’ analyses are here:

At this juncture, the trend is clearly down.

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1 Comment
  1. DavidLazarusUK says

    The US property market is still around 5 to 20% over valued depending on local markets. The apparent rise in rents recently are not sustainable unless there is a real increase in incomes, which is simply not happening. If you use a ratio of prices to local incomes which is far more sustainable, then many markets will still have some way to fall.

  2. Anonymous says

    The US property market is still around 5 to 20% over valued depending on local markets. The apparent rise in rents recently are not sustainable unless there is a real increase in incomes, which is simply not happening. If you use a ratio of prices to local incomes which is far more sustainable, then many markets will still have some way to fall.

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