Posted by: union03g | July 28, 2009

S&P Case Shiller: Choosing What To Report

Once again the media is reporting the negligible increase in MoM home values in Chicago of .5% (seasonally adjusted) rather than depress people with the more telling -17% YoY Chicago home value decrease. Since there are still too many factors in play, the biggest being foreclosure moratoriums, let’s all just relax and be patient. There is a hidden war of foreclosure paperwork and short sale contracts tearing apart California, even if its not as visible as a traditional war it’s still just as ubiquitous.

The Case Shiller Chicago May index change is really non-news, till next time.

Chicago overall home values:

  • Month-to-month: +1.1 percent (+0.5 percent)
  • Quarter-on-quarter: -2.1 percent (-2.4 percent)
  • Year-over-year: -17.5 percent
  • From peak (September 2006): -26.6 percent

Chicago condo values:

  • Month-to-month: +1.2 percent (+0.7 percent)
  • Quarter-on-quarter: -1.9 percent (-2.4 percent)
  • Year-over-year: -12.6 percent
  • From peak (September 2007): -16 percent

Chart: 2008 – Present Case Shiller MoM Chicago Home Values

Reblog this post [with Zemanta]2008 - May 2009

 

 

 

 

 
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

%d bloggers like this: