Most Active Stories
- Creative Living E-Newsletter Sign Up
- "Blood on Their Hands, Pt. 2" on Bletchley Circle airs Sunday, the 20th at 9 pm
- Meet a new nurse on Call the Midwife, on Sunday, the 27th at 7 pm
- Shoes from "The Beverly Hillbillies" are appraised on Antiques Roadshow on April 28th
- A Frederick Church oil painting is appraised on Monday, during Antiques Roadshow
Tue May 29, 2012
Home Prices Haven't 'Turned,' But Some Edged Up As Quarter Ended
Originally published on Tue May 29, 2012 7:41 am
Home prices slipped further in the first quarter, according to the widely watched S&P/Case-Shiller Home Price Indices. It reports that:
"The national composite fell by 2.0% in the first quarter of 2012 and was down 1.9% versus the first quarter of 2011. The 10- and 20-City Composites posted respective annual returns of -2.8% and -2.6% in March 2012. Month-over-month, their changes were minimal; average home prices in the 10-City Composite fell by 0.1% compared to February and the 20-City remained basically unchanged in March over February. However, with these latest data, all three composites still posted their lowest levels since the housing crisis began in mid-2006."
"Housing prices have not turned," David Blitzer, chairman of the index committee at S&P Indices, says in the report.
Still, there is this modestly good news buried in the numbers: While prices overall were down for the quarter and were below the already low-levels of a year earlier, in 12 cities they did tick up in March from February, as the quarter ended. Those places:
-- Charlotte, up 1.2 percent from February.
-- Cleveland, up 0.4 percent
-- Dallas, up 1.6 percent.
-- Denver, up 1.5 percent.
-- Los Angeles, up 0.1 percent.
-- Miami, up 0.9 percent.
-- Phoenix, up 2.2 percent.
-- San Diego, up 0.4 percent.
-- San Francisco, up 1 percent.
-- Seattle, up 1.7 percent.
-- Tampa, up 1.3 percent.
-- Washington, D.C., up 1 percent.