{"id":27237,"date":"2013-09-03T09:00:07","date_gmt":"2013-09-03T16:00:07","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=27237"},"modified":"2013-09-04T11:18:32","modified_gmt":"2013-09-04T18:18:32","slug":"case-shiller-second-derivative-losses-stack-up","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2013\/09\/03\/case-shiller-second-derivative-losses-stack-up\/","title":{"rendered":"Case-Shiller: Second Derivative Losses Stack Up"},"content":{"rendered":"<p>Before we put away the June Case-Shiller data, let&#8217;s have a look at my favorite alternative Case-Shiller 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\/09\/Case-Shiller-Cities-MoM-wide_2013-06.png\" title=\"Case-Shiller Home Price Index: # of Cities Experiencing MoM Gains, Losses\" rel=\"lightbox[27237]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2013\/09\/Case-Shiller-Cities-MoM_2013-06-600x363.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=\"363\" \/><\/a><\/p>\n<p>As of June all twenty cities are still experiencing month-over-month gains, for the third month in a row now.<\/p>\n<p>Interestingly though, the second derivative gains continue to turn to losses&#8230;  here&#8217;s a look at the number of cities that are experiencing <a href=\"http:\/\/seattlebubble.com\/blog\/2012\/03\/08\/second-derivative-suggests-imminent-price-stabilization\/\" title=\"Second Derivative Suggests Imminent Price Stabilization\">second derivative Case-Shiller<\/a> 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\/09\/Case-Shiller-Cities-YoYoM-wide_2013-06.png\" title=\"Number of Cities Experiencing 2nd Derivative (YoYoM) Gains, Losses\" rel=\"lightbox[27237]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2013\/09\/Case-Shiller-Cities-YoYoM_2013-06-600x363.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=\"363\" \/><\/a><\/p>\n<p>The number of cities experiencing second derivative gains continued to plummet in June, with just seven cities experiencing gains&mdash;the lowest number since November 2011.  I still expect this trend to lead to prices flat-lining in most markets by the end of the year, which we&#8217;ll see in the data released by Case-Shiller in late February.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Before we put away the June Case-Shiller data, let&#8217;s have a look at my favorite alternative Case-Shiller 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 through 2000&#8230;.<\/p>\n","protected":false},"author":2,"featured_media":27242,"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: Case-Shiller: Second Derivative Losses Stack Up http:\/\/wp.me\/pe2Bv-75j","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-27237","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>Case-Shiller: Second Derivative Losses Stack Up \u2022 Seattle Bubble<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seattlebubble.com\/blog\/2013\/09\/03\/case-shiller-second-derivative-losses-stack-up\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Case-Shiller: Second Derivative Losses Stack Up \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Before we put away the June Case-Shiller data, let&#8217;s have a look at my favorite alternative Case-Shiller charts. 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Click the image below for a super-wide version with the data back through 2000....\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2013\/09\/Case-Shiller-Cities-MoM_2013-06.png\" \/>\n<meta name=\"twitter:creator\" content=\"@The_Tim\" \/>\n<meta name=\"twitter:site\" content=\"@SeattleBubble\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The Tim\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2013\/09\/03\/case-shiller-second-derivative-losses-stack-up\/\",\"url\":\"https:\/\/seattlebubble.com\/blog\/2013\/09\/03\/case-shiller-second-derivative-losses-stack-up\/\",\"name\":\"Case-Shiller: Second Derivative Losses Stack Up \u2022 Seattle Bubble\",\"isPartOf\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2013\/09\/03\/case-shiller-second-derivative-losses-stack-up\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2013\/09\/03\/case-shiller-second-derivative-losses-stack-up\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2013\/09\/Case-Shiller-Cities-MoM_2013-06.png\",\"datePublished\":\"2013-09-03T16:00:07+00:00\",\"dateModified\":\"2013-09-04T18:18:32+00:00\",\"author\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\"},\"breadcrumb\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2013\/09\/03\/case-shiller-second-derivative-losses-stack-up\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/seattlebubble.com\/blog\/2013\/09\/03\/case-shiller-second-derivative-losses-stack-up\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2013\/09\/03\/case-shiller-second-derivative-losses-stack-up\/#primaryimage\",\"url\":\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2013\/09\/Case-Shiller-Cities-MoM_2013-06.png\",\"contentUrl\":\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2013\/09\/Case-Shiller-Cities-MoM_2013-06.png\",\"width\":1486,\"height\":901},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2013\/09\/03\/case-shiller-second-derivative-losses-stack-up\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/seattlebubble.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Case-Shiller: Second Derivative Losses Stack Up\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\",\"url\":\"https:\/\/seattlebubble.com\/blog\/\",\"name\":\"Seattle Bubble\",\"description\":\"local\u00a0real\u00a0estate\u00a0news, statistics,\u00a0and\u00a0commentary without\u00a0the\u00a0sales\u00a0spin.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/seattlebubble.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\",\"name\":\"The Tim\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/image\/37756956c11dcc50d2559761ffa5ee70\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g\",\"caption\":\"The Tim\"},\"description\":\"Tim Ellis is the founder of Seattle Bubble. 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