Case Shiller: Home Prices Fall More Slowly

October 27, 2009 9:53am by Barry Ritholtz

Home prices fell less than they had been in August, according to Case Shiller. The Index shows a 7th consecutive months of improved readings in these statistics, beginning in early 2009.

By improved, prices continue to slide year over year, but at a slower rate. Monthly prices show modest gains.

Year over year, the 10-City and 20-City Composite Home Price Indices declined 10.6% and 11.3%, respectively, in August. The indices gained 1.3% and 1.2% from July.

Note that Goldman Sachs estimates that the US Government interventions and bailouts have pushed housing prices 5% higher.

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Other charts after the jump.

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Source:
Home Prices Continue to Improve
S&P/Case-Shiller Home Price Indices, October 27, 2009
http://www2.standardandpoors.com/portal/site/sp/en/us/page.topic/indices_csmahp/2,3,4,0,0,0,0,0,0,0,0,0,0,0,0,0.html

S&P/Case-Shiller Home Price Indices PDF

Uncle Sam Adds 5% to Prices of Homes, Goldman Says
James R. Hagerty
WSJ, October 24, 2009, 9:11 AM ET
http://blogs.wsj.com/developments/2009/10/24/uncle-sam-adds-5-to-prices-of-homes-goldman-says/

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