The latest release of the S&P/Case-Shiller (CSI) home price indices for September reported that the non-seasonally adjusted National index decreased from August with prices falling 0.37% while the non-seasonally adjusted Composite-10 city index decreased 0.12% and the Composite-20 city index decreased 0.13% over the same period.
On an annual basis, the National index increased 5.46% above the level seen in September 2015 while the Composite-10 city index increased 4.28% and the Composite-20 city index increased 5.08% over the same period.
On a peak basis, the non-seasonally adjusted National index just surpassed the record high level seen prior the onset of the great recession rising 0.10% above the level seen in 2006 while the Composite-10 index remained -9.07% below the peak level and the Composite-20 remained -7.14% below.
On an annual basis, the National index increased 5.46% above the level seen in September 2015 while the Composite-10 city index increased 4.28% and the Composite-20 city index increased 5.08% over the same period.
On a peak basis, the non-seasonally adjusted National index just surpassed the record high level seen prior the onset of the great recession rising 0.10% above the level seen in 2006 while the Composite-10 index remained -9.07% below the peak level and the Composite-20 remained -7.14% below.
This post first appeared on Paper Economy - A US Real Estate Bubble, please read the originial post: here
