August 2011 Case-Shiller Home Price Indices and Other Interesting Statistics
On Tuesday the S&P/Case-Shiller Home Price Indices were released for August 2011 and it seems to be mostly good news. The 10- and 20-City Composites of major metropolitan areas improved approximately 0.2%, being led by Chicago (+1.4%), Detroit (+1.4%) and Washington (+1.6%). With the exception of Atlanta (-2.4%), any decline in indices were modest.
The Full Press Release Can Be Found Here.
In other news:
The National Association of Realtors reports that both Existing Home Sales and Pending Home Sales are down from August 2011 to September 2011, but up from September 2010 to September 2011.
CUNA Mutual released its Credit Union Trends Report for August 2011. In addressing the possibility of a “Double Dip Recession,” the report cites a survey in which 98% of CU leaders feel we never exited from the previous recession. I agree. To quote a June Blog Post, “Calling the trend in U.S. Home Prices a “Double Dip” implies that there was once a recovery.”
The report notes that lending is up 0.3% over the past year and 1.3% since March, led by Credit Card Loans (+2.0% year over year) and Used Auto Loans (+4.3% year over year).
Dan Price, CPA
-Twenty Twenty Blogger
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