Tuesday, July 25, 2017

S&P Core Logic Case-Shiller: May 2017

The latest release of the S&P Core Logic Case-Shiller (CSI) home price indices for May reported that the non-seasonally adjusted National index increased from April with prices rising 0.97% while the non-seasonally adjusted Composite-10 city index increased 0.70% and the Composite-20 city index increased 0.81% over the same period.

On an annual basis, the National index increased 5.58% above the level seen in May 2016 while the Composite-10 city index increased 4.94% and the Composite-20 city index increased 5.69% over the same period.

On a peak basis, the non-seasonally adjusted National index recently surpassed the record high level seen prior the onset of the Great Recession rising 3.24% above the level seen in 2006 while the Composite-10 index remained -6.19% below the peak level and the Composite-20 remained -3.66% below.