Posts Tagged ‘ case shiller ’

Thoughts From Around the Web Regarding the Case Shiller Report

As most of us know by know we are in for another bad year, even the optimists are pessimistic. It pretty clear that the latest index report shows a double dip. The Standard & Poor’s/Case-Shiller index fell in December from November in all 20 cities, except Washington, D.C . Nationally, home prices fell 4.1% during the last three months of 2010, compared top last year, according to the latest S&P/Case-Shiller home price index, down 1.9% compared with the past three months.

The big question is whether we are bouncing along a bottom or whether we have more to go. The following are some thoughts from around the web that highlight some of the current sentiments, both optimistic and pessimistic. I’ve also included one silver lining I have to share.

Robert Shiller
New York Times
Yale Economist and half of the Case Shiller Team

He is the author of “Irrational Exuberance and helped develop the S&P Case Shiller Home Price Index. Mr. Shiller said in a conference call that he saw a substantial risk of the market falling another 15, 20 or even 25 percent.

National Association Of Homebuilders

This is the worst year for new-home sales in 50 years. February remained unchanged for the fourth straight month at 16. Any reading below 50 indicates negative sentiment. The index hasn’t seen 50 or better since April 2006.

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Posted by: Howard Sobel on March 10th, 2011 under Market Trends

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