Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

Latest statistics from the Shiller Index


The latest survey from the S&P/Case-Shiller Home Price Index is out, and no drama here, folks, it shows that prices in 10 major metro areas fell at an annualized 5% rate during August. Or maybe the surprise was that prices didn’t fall further.

Perhaps more chilling were the comments from Robert Shiller, the Yale professor who helped develop the index – and who has been warning of a housing bubble for some time – that were attached to the report:

“At both the national and the metro levels, the fall in home prices is showing no real signs of a slowdown or turnaround,” said Robert Shiller, chief economist at MacroMarkets, who helped develop the index. “There is really no positive news in today’s report, as most of the metro areas are showing signs of declining or vanishing returns on both an annual and monthly basis.”

An Associated Press account of the survey results can be found here. And the spreadsheet showing monthly data for a vast swath of the country can be found here and here.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus