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The annual rate of decline of the 10-City and 20-City Composites improved compared to last month?EUR??,,????'?????<???????????????????????(R)?EUR??,,????'????s reading. This marks about nine months of improved readings in these statistics, beginning in early 2009.
?EUR??,,????'?????<?????????????????The turn-around in home prices seen in the Spring and Summer has faded with only seven of the 20 cities seeing month-to-month gains, although all 20 continue to show improvements on a year-over-year basis. All in all, this report should be described as flat,?EUR??,,????'?????<????????????????? said David M. Blitzer, Chairman of the Index Committee at Standard & Poor?EUR??,,????'?????<???????????????????????(R)?EUR??,,????'????s.
?EUR??,,????'?????<?????????????????Coming after a series of solid gains, these data are likely to spark worries that home prices are about to take a second dip. Before jumping to conclusions, recognize that the one time that happened at the beginning of the 1980s, Fed policy saw dramatic reversals, which is very different from the stable and consistent Fed policy we have today.?EUR??,,????'?????<?????????????????
Sales of existing homes ?EUR??,,????'?????<???????????????????????(R)??????oe those included in the S&P/Case-Shiller Home Price Indices ?EUR??,,????'?????<???????????????????????(R)??????oe have been strong in recent months, working off the inventories of houses for sale. At the same time, housing starts remain weak, fears that the market will be swamped by a wave of foreclosures are heard ahousing market will expire in the first half of 2010. ?EUR??,,????'?????<???????????????????????(R)??????oe Courtesy of Mortgage News Daily
Francisco Uviña, University of New Mexico
Hardscape Oasis in Litchfield Park
Ash Nochian, Ph.D. Landscape Architect
November 12th, 2025
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