Case Shiller Housing Composite Flips Negative

Tuesday, March 27, 2007 | 11:30 AM

For first time in over a decade, the Case Shiller Housing Composite flipped negative;  I'm sure this is utterly meaningless, and is nothing to worry about whatsoever:

"January data released today by Standard & Poor’s for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices in the United States, shows home price composites plummeting into negative terrain.

“The annual declines in the composites are a good indicator of the dire state of the U.S. residential real estate market,” says Robert J. Shiller, Chief Economist at MacroMarkets LLC. “ The 10-City and 20-city Composites are both showing negative annual returns, a striking difference from the 15.1% and 14.7% returns they reported this time last year. The dismal growth in the 10-City composite is now at rates not seen since January 1994.”


S&P/Case-Shiller Home Price Indices

Caseshiller_home_price_indices

Unless the actual data matters to you, and you are uninterested in becoming a serial bottom caller in Housing.

But other than that, nothing to worry about here . . .


>


Source:
The New Year Begins With Negative Returns According To The S&P Case-Shiller Home Price Indices
Mar 27, 2007 09:00 AM EST PDF
http://www2.standardandpoors.com/spf/pdf/index/032707_homeprice.pdf

S&P/Case-Shiller Home Price Indices

S&P/Case-Shiller Home Price FAQ

Tuesday, March 27, 2007 | 11:30 AM | Permalink | Comments (47) | TrackBack (1)
de.li.cious add to de.li.cious | digg digg this! | technorati add to technorati | email email this post

bn-image

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c52a953ef00d8342ed2f553ef

Listed below are links to weblogs that reference Case Shiller Housing Composite Flips Negative:

» Anothr feed track -The Big Picture from anothr user
One new subscriber from Anothr Alerts:leeds.tyh [Read More]

Tracked on Mar 27, 2007 12:30:25 PM

Comments

Serial bottom-caller for the housing market sounds like a good career path, with guaranteed employment for at least the next 10 years.

Posted by: jm | Mar 27, 2007 11:30:01 AM

The comments to this entry are closed.



Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      

Archives

Complete Archives List

Blogroll

Blogroll

Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:


Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites

FeedBurner


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo

Disclaimer

Disclaimer

Odds & Ends

Site by Moxie Design Studios™

FeedBurner