{"id":28518,"date":"2014-03-27T07:00:21","date_gmt":"2014-03-27T14:00:21","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=28518"},"modified":"2014-03-27T07:32:30","modified_gmt":"2014-03-27T14:32:30","slug":"case-shiller-home-prices-weakest-since-early-2012","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2014\/03\/27\/case-shiller-home-prices-weakest-since-early-2012\/","title":{"rendered":"Case-Shiller: Home Prices Weakest Since Early 2012"},"content":{"rendered":"<p>Before we put away the January 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\/2014\/03\/Case-Shiller-Cities-MoM-wide_2014-01.png\" title=\"Case-Shiller Home Price Index: # of Cities Experiencing MoM Gains, Losses\" rel=\"lightbox[28518]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/03\/Case-Shiller-Cities-MoM_2014-01-600x363.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>We went from all twenty cities experiencing price gains last summer to just seven as of January.  This is the weakest level we have seen in this measure since February 2012.<\/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\/2014\/03\/Case-Shiller-Cities-YoYoM-wide_2014-01.png\" title=\"Number of Cities Experiencing 2nd Derivative (YoYoM) Gains, Losses\" rel=\"lightbox[28518]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/03\/Case-Shiller-Cities-YoYoM_2014-01-600x363.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 was just six in January&mdash;its lowest point since November 2011.  That number has been dropping every month since peaking at 16 in September.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Before we put away the January 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":28521,"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: Home Prices Weakest Since Early 2012 http:\/\/wp.me\/pe2Bv-7pY","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-28518","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: Home Prices Weakest Since Early 2012 \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\/2014\/03\/27\/case-shiller-home-prices-weakest-since-early-2012\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Case-Shiller: Home Prices Weakest Since Early 2012 \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Before we put away the January Case-Shiller data, let&#8217;s have a look at my favorite alternative Case-Shiller charts. 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