Shiller shows seattle -13.4%
Shiller numbers....
Charlotte -9.22%
Portland -6.72%
Chicago -10.26%
Cleveland -16.82%
Seattle -13.42%
New York -8.51%
Dallas -13.97%
Atlanta -16.87%
Tampa -17.74%
Boston -13.63%
Denver -19.85%
Detroit -24.53%
Minneapolis -19.70%
Washington DC -18.55%
Miami -25.74%
Vegas -28.86%
Los Angeles -30.03%
San Francisco -29.43%
San Diego -31.85%
Phoenix -30.15%
Charlotte -9.22%
Portland -6.72%
Chicago -10.26%
Cleveland -16.82%
Seattle -13.42%
New York -8.51%
Dallas -13.97%
Atlanta -16.87%
Tampa -17.74%
Boston -13.63%
Denver -19.85%
Detroit -24.53%
Minneapolis -19.70%
Washington DC -18.55%
Miami -25.74%
Vegas -28.86%
Los Angeles -30.03%
San Francisco -29.43%
San Diego -31.85%
Phoenix -30.15%
Comments
Down 1.2% November to December
Down 3.9% from peak
Up 0.5% year over year
Feb. 26 (Bloomberg) -- The following table shows the change
in the U.S. composite home price index from S&P/Case-Shiller.
*T
==========================================================================
Dec. Nov. Oct. Sept. Aug. July June
2007 2007 2007 2007 2007 2007 2007
==========================================================================
US Composite-20 City Index
Monthly % -2.15% -2.10% -1.38% -0.84% -0.68% -0.37% -0.35%
3-Mth Annualized -20.35% -15.99% -10.99% -7.27% -5.44% -3.64% -3.15%
Yearly % -9.08% -7.69% -6.05% -4.92% -4.29% -3.80% -3.38%
Index Level 184.86 188.92 192.98 195.68 197.33 198.68 199.41
US Composite-10 City Index
Monthly % -2.28% -2.17% -1.38% -0.87% -0.77% -0.50% -0.45%
3-Mth Annualized -20.98% -16.32% -11.44% -8.24% -6.68% -4.81% -4.19%
Yearly % -9.82% -8.35% -6.66% -5.50% -4.86% -4.39% -3.96%
Index Level 200.55 205.23 209.78 212.71 214.58 216.25 217.33
==========================================================================
==============================================================
Current Previous 3-Mth YoY% Index
MoM% MoM% Annual% Change Level
==============================================================
US Composite-20 -2.15% -2.10% -20.35% -9.08% 184.86
Charlotte -0.59% -0.97% -9.22% 2.34% 131.90
Portland -0.64% -0.78% -6.72% 1.22% 182.47
Chicago -0.98% -0.93% -10.26% -4.55% 160.03
Cleveland -1.08% -2.28% -16.82% -6.29% 112.07
Seattle -1.21% -1.43% -13.42% 0.49% 184.88
New York -1.27% -0.60% -8.51% -5.61% 201.80
Dallas -1.32% -1.59% -13.97% -2.35% 120.77
Atlanta -1.48% -1.86% -16.87% -3.42% 129.43
Tampa -1.63% -1.42% -17.74% -13.33% 200.13
Boston -1.68% -1.15% -13.63% -3.36% 164.59
Denver -1.78% -2.00% -19.85% -4.47% 130.98
Detroit -1.84% -2.69% -24.53% -13.56% 103.30
Minneapolis -2.14% -1.98% -19.70% -7.97% 155.37
Washington DC -2.54% -1.74% -18.55% -9.43% 217.78
Miami -2.64% -2.60% -25.74% -17.50% 231.71
==============================================================
Current Previous 3-Mth YoY% Index
MoM% MoM% Annual% Change Level
==============================================================
Las Vegas -2.92% -3.23% -28.86% -15.34% 196.05
Los Angeles -3.08% -3.64% -30.03% -13.70% 233.03
San Francisco -3.20% -3.24% -29.43% -10.80% 189.23
San Diego -3.41% -3.42% -31.85% -14.96% 202.45
Phoenix -3.49% -3.12% -30.15% -15.27% 187.67
==============================================================
Nope, not misreading it.
Don't know where you're getting your data but when you go right to the source (http://www2.standardandpoors.com/spf/pd ... 022603.pdf) C/S is showing YTD change of 0.5% for Seattle. I have no idea where this -13.4% is coming from.
kind of misleading given the 4th quarter is typically a slow period for housing, but hopefully this solves the mystery
I don't think it's the 3 month change. September's level was 191.66. December's level was 184.88 for a roughly 3.5% decrease over these 3 months.
Shiller is not claiming that rate will continue. The figure is simply annualized so you can compare apples to apples.
Actually, it's exact. you're working with a negative number, so the compounding effect gets smaller