housing prices

Case-Shiller Home Price Indices Through November 2010

The S&P/Case-Shiller Home Price indexes for November 2010 were released today. The composite-10 index is down -0.8% for the month and the composite-20 index decreased -1.0%. For the year, the composite-10 index is -0.4% lower and the composite-20 is -1.6% lower than November 2009. Below are the 20 city and 10 city S&P/Case-Shiller monthly indices.

Case-Shiller Home Price Indices Through October 2010

The S&P/Case-Shiller Home Price indexes for October 2010 were released today. The composite-10 index is down -1.2% for the month and the composite-20 index decreased -1.3%. For the year, the composite-10 index is 0.2% higher but the composite-20 is -0.8% lower than October 2009. Below are the 20 city and 10 city S&P/Case-Shiller monthly indices.

Housing getting even more unaffordable

Considering the collapse in home prices in 2007 and 2008, you might think that housing would have gotten more affordable. You would be wrong.

More Americans found housing unaffordable last year, even though home prices across the U.S. have taken a major fall. More than 40 million spent 30% or more of their household income on housing costs, 600,000 more than in 2007, according to 2008 Census data released Monday. That includes homeowners with and without mortgages, as well as renters.
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From 2007 to 2008 the homeownership rate fell more than half a percentage point, to 66.6% — the lowest level since 2002, says Mark Mather, a vice president at the Population Reference Bureau in Washington, D.C.

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