Case Shiller’s “Mixed Messages in the Data”

Case-Shiller Home Price Indices data through November 2009 reveal the annual rates of decline of the 10-City and 20-City Composites are improving. There were price declines measured across many markets during November.

This was the 10 month of improved readings — less bad price declines — in the annual statistics. It was also the third consecutive month of “only” single digit drops, following 20 consecutive months of double digit price declines.


Source: Standard & Poor’s and Fiserv

The 10-City and 20-City Composite (above) declined 4.5% and 5.3% respectively.

Source: Standard & Poor’s and Fiserv

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