Tuesday, November 24, 2009

S&P/Case-Shiller: September 2009 report

The S&P/Case-Shiller Home Price Indices report for September 2009 was released today. The report shows "that the U.S. National Home Price Index improved in the third quarter of 2009, posting its second consecutive quarterly increase and further improvement in its annual rate of return."

“We have seen broad improvement in home prices for most of the past six months,” says David M. Blitzer, Chairman of the Index Committee at Standard & Poor’s. “However, the gains in the most recent month are more modest than during the seasonally strong summer months. Fewer cities saw month to month improvements in September than in August in both seasonally adjusted and unadjusted figures.”

YoY, DC area prices are 4.98% lower with prices increasing 0.9% August to September. It's important to note that's a slower rate of increase, the slowest since April 2009

The charts below reflect home price data for the Washington, DC MSA.

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