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The monthly Standard & Poor Case-Shiller Home Price Report was released yesterday (April 27th) for February 2010. This is the first time in nine months that the seasonally-adjusted price index declined on a month-to-month basis. It was May of 2009 the last time the Case-Shiller Price Index actually reduced. It’s hard to figure why this changed, but the monthly increases have been very meager, and the bad weather in February may have pushed pricing down. With all the other activity in real estate (tax credit, new home sales and existing home sales numbers), this certainly contributes to our mixed-message outlook. You can find more information about the most recent Standard & Poor’s Case-Shiller report at these links: |
