Case-Shiller: Home prices up slightly in January

S&P/Case-Shiller home price indices for January show a slight increase in home prices since December 2012.?The latest S&P/Case-Shiller home prices data is beginning to demonstrate more resiliency than seen in recent years.

By SoldAtTheTop,?Guest blogger / March 26, 2013

Home prices rose a slight 0.16 percent in January 2013, according to the latest home prices data from S&P/Case-Shiller.

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Today's release of the?S&P/Case-Shiller (CSI) home price indices?for January reported that the non-seasonally adjusted Composite-10 price index increased again rising a slight 0.16% since December while the Composite-20 index increased 0.13% over the same period.?

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Writer, The PaperEconomy Blog

'SoldAtTheTop' is not a pessimist by nature but a true skeptic and realist who prefers solid and sustained evidence of fundamental economic recovery to 'Goldilocks,' 'Green Shoots,' 'Mustard Seeds,' and wholesale speculation.

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The latest CSI data is?beginning?to?demonstrate?more?resiliency?than seen in recent years as prices continue to move up, even just slightly, in the face of typical lower seasonal transactions.?

If this trend continues, rather than declining as has been seen in past years, prices may just remain flat into the February-March release in advance of the typical uplift from the more active spring transactions.

The 10-city composite index increased 7.25% as compared to January 2012 while the 20-city composite increased 8.08% over the same period. ?

Both of the broad composite indices show significant peak declines slumping -29.86% for the 10-city national index and -29.24% for the 20-city national index on a peak comparison basis.?

To better visualize today?s results use?Blytic.com to view the full release.

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Source: http://rss.csmonitor.com/~r/feeds/csm/~3/p-NuBSDlxtY/Case-Shiller-Home-prices-up-slightly-in-January

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