United States Housing

United States

United States: Home prices showing incipient signs of stabilisation

May 29, 2012

In March, the unadjusted S&P/Case-Shiller 20-city home price composite index remained unchanged over the previous month. The flat reading follows the 0.8% price fall registered in February and marks, in fact, the end of a streak of six consecutive months of declining home prices. The monthly figure was virtually in line with market expectations. On an annual basis, home prices are 2.6% below the same month last year, an improvement over the 3.5% fall recorded in February and, in fact, the best reading since December 2010. 13 of the 20 cities surveyed posted declines over the same month last year and, according to S&P, the monthly data confirm that


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