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.
Other charts after the jump.
Home Prices Continue to Improve
S&P/Case-Shiller Home Price Indices, October 27, 2009
Uncle Sam Adds 5% to Prices of Homes, Goldman Says
James R. Hagerty
WSJ, October 24, 2009, 9:11 AM ET