Light at the End of the Tunnel (and It’s Not Another Train)
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May 2010 Case-Shiller Home Price Series Indicates Most Markets Coming Off the Bottom — A Few Markets Gaining Double
The majority of the 20 cities included in the S&P Case-Shiller Home Price Indices are showing gains off the bottom in May. Three cities, San Diego, San Francisco and Minneapolis all reported year-over-year gains of more than 10 percent (but still remain 34.8 percent, 34.9 percent and 28.3 percent, respectively, below their market peaks). Only one city has a home price index less that January 2000, and that was Detroit.
Remember that the methodology of the Case-Shiller is based on re-sales of the same property (so it really is a superior measure to medians or average prices).
Below please find:
- - Copy of Case-Shiller RawData file and table listed below
- - PowerPoint– Updated and Now Includes the Index Since 2001 Monthly For All 20 Cities Case-Shiller US Home Price Index May 2010
Please let me know if you have any questions or comments. I want to hear from you.