{"id":25761,"date":"2013-02-28T15:08:51","date_gmt":"2013-02-28T23:08:51","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=25761"},"modified":"2013-09-04T11:19:40","modified_gmt":"2013-09-04T18:19:40","slug":"december-2012-case-shiller-potporri","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2013\/02\/28\/december-2012-case-shiller-potporri\/","title":{"rendered":"December 2012 Case-Shiller Potporri"},"content":{"rendered":"<p>Before we put away the Case-Shiller data for another month, let&#8217;s check in on a few of our alternative charts.<\/p>\n<p>First up, let&#8217;s take a look at the twenty-city month-over-month scorecard.  <a href=\"http:\/\/seattlebubble.com\/blog\/2011\/10\/28\/case-shiller-visualizing-month-to-month-price-weakness\/\" title=\"Case-Shiller: Visualizing Month-to-Month Price Weakness\">Here&#8217;s the original post introducing this chart<\/a> if you&#8217;d like more details.  Click the image below for a super-wide version with the data back through 2000.<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2013\/02\/Case-Shiller-Cities-MoM-wide_2012-12.png\" title=\"Case-Shiller Home Price Index: # of Cities Experiencing MoM Gains, Losses\" rel=\"lightbox[25761]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2013\/02\/Case-Shiller-Cities-MoM_2012-12-600x435.png\" style=\"border: 0;\" title=\"Case-Shiller Home Price Index: # of Cities Experiencing MoM Gains, Losses - Click to enlarge\" alt=\"Case-Shiller Home Price Index: # of Cities Experiencing MoM Gains, Losses\" width=\"600\" height=\"435\" \/><\/a><\/p>\n<p>2012 closed with the strongest fourth quarter of any year since 2005, but it was still considerably weaker than 2000-2005.<\/p>\n<p>Next up, the second derivative.  For an introduction to this particular view, <a href=\"http:\/\/seattlebubble.com\/blog\/2012\/03\/08\/second-derivative-suggests-imminent-price-stabilization\/\" title=\"Second Derivative Suggests Imminent Price Stabilization\">hit the original post from March<\/a>.<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2013\/02\/Case-Shiller-2nd-Derivative-annotated_2012-12.png\" title=\"Seattle Case-Shiller HPI 1st &#038; 2nd Derivatives\" rel=\"lightbox[25761]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2013\/02\/Case-Shiller-2nd-Derivative-annotated_2012-12-600x435.png\" style=\"border: 0;\" title=\"Seattle Case-Shiller HPI 1st &#038; 2nd Derivatives - Click to enlarge\" alt=\"Seattle Case-Shiller HPI 1st &#038; 2nd Derivatives\" width=\"600\" height=\"435\" \/><\/a><\/p>\n<p>The second derivative is still hovering around the 1% level.  Anything above zero indicates that price increases are getting stronger each month, so this is still quite a strong signal.  I still expect this to move back down toward zero throughout 2013, but possibly not until the second half of the year.<\/p>\n<p>Finally, here&#8217;s a look at the number of cities that are experiencing second derivative gains or losses.<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2013\/02\/Case-Shiller-Cities-YoYoM-wide_2012-12.png\" title=\"Number of Cities Experiencing 2nd Derivative (YoYoM) Gains, Losses\" rel=\"lightbox[25761]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2013\/02\/Case-Shiller-Cities-YoYoM_2012-12-600x435.png\" style=\"border: 0;\" title=\"Number of Cities Experiencing 2nd Derivative (YoYoM) Gains, Losses - Click to enlarge\" alt=\"Number of Cities Experiencing 2nd Derivative (YoYoM) Gains, Losses\" width=\"600\" height=\"435\" \/><\/a><\/p>\n<p>Stronger than any period of time except when the homebuyer tax credit was in force.<\/p>\n<p>All in all, price gains are still pretty strong, though things have definitely cooled off somewhat as 2012 drew to a close.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Before we put away the Case-Shiller data for another month, let&#8217;s check in on a few of our alternative charts. First up, let&#8217;s take a look at the twenty-city month-over-month scorecard. Here&#8217;s the original post introducing this chart if you&#8217;d like more details. Click the image below for a super-wide version with the data back&#8230;<\/p>\n","protected":false},"author":2,"featured_media":25763,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"On the blog: December 2012 Case-Shiller Potporri http:\/\/wp.me\/pe2Bv-6Hv","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8,616],"tags":[86,845,817,846],"coauthors":[],"class_list":["post-25761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stats","category-counties","tag-case-shiller","tag-derivative","tag-month-over-month","tag-quant"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>December 2012 Case-Shiller Potporri \u2022 Seattle Bubble<\/title>\n<meta name=\"description\" content=\"A look at December 2012 Case-Shiller home prices, including the number of cities experiencing gains or losses each month as well as the second derivative.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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