Case-Schiller – September 2014

CSYoYSept2014The Composite 10 SA is up 4.9% compared to September 2013.

The  Composite 20 SA is up 4.9% compared to September 2013.

The National index SA is up 4.8% compared to September 2013.

Prices increased (SA) in  16 of the 20 Case-Shiller cities in September seasonally adjusted.  (Prices  increased in 9 of the 20 cities NSA)  Prices in Las Vegas are off 42.3%  from the peak, and prices in Denver and Dallas are at new highs (SA).

This was above than the consensus forecast for a 4.5% YoY increase for the  National index, and suggests a further slowdown in price increases.

But the breakdown is very positive with 18 of 20 cities showing monthly gains in strength of breadth last matched in March this year. The South, which is the largest region for home sales, shows special strength with Atlanta, Charlotte and Miami all at the top of the list at plus 1.2 percent in the month and with Dallas, at 0.9 percent, and Tampa, at 0.8 percent, right behind.

By |2014-10-30T16:01:50+00:00October 30th, 2014|Categories: Economics, Leading|0 Comments

About the Author:

Bryan Sanford is Vice President and Investment Officer of Charter Trust Company. He joined the firm in 2009 and is based in our Concord NH office. Mr. Sanford received his Bachelors of Science degree from the University of New Hampshire, Durham. Mr. Sanford has held the FINRA Series 7 license. Prior to joining Charter Trust, Mr. Sanford served in the United States Marine Corps as an infantryman. He participated in Operation Iraqi Freedom, touring in Fallujah, Iraq.

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