Case-Shiller is Still on a Roll | Bedford NY Real Estate

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Once again in June, prices increased at a double digit pace in both the 10-City and 20-City Composites Indexes from S&P/Case-Shiller, posting returns of 2.2% for June and 11.9% and 12.1% over 12 months.
The S&P/Case-Shiller U.S. National Home Price Index, which covers all nine U.S. census divisions, grew 7.1% in the second quarter and 10.1% over the last four quarters.
All 20 cities posted gains on a monthly and annual basis. However, in only six cities were prices rising faster this month than last, compared to ten in May. Dallas and Denver reached new all-time highs as they did last month, with returns of +1.7% each in June. San Francisco’s rebound is the largest, up 47.0% from its low in March 2009. Phoenix is second, 37.1% above its September 2011
Measured from their June/July 2006 peaks, the peak-to-current decline for both 10-City and 20-City Composites is approximately 23%. The recovery from the March 2012 lows is 18.4% and 19.0% for the 10-City and 20-City Composites.
“National home prices rose more than 10% annually in each of the last two quarters,” says David M. Blitzer, Chairman of the Index Committee at S&P Dow Jones Indices. “However, the monthly city by city data show the pace of price increases is moderating.


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