Good news! The S&P/Case-Shiller for December 2010

February 22, 2011

by Scott Sambucci

2 comments

Well, sort of… The good news is that today’s S&P/Case-Shiller reports home prices through December 2010.  But… looking at the active market as of Friday (February 18) weekly home prices are starting a seasonal bounce:

Altos 20-City Composite is comprised of the same 20 MSAs as the S&P/Case-Shiller Home Price Index. Our 7-day weekly market price observations (black line) are showing a Spring-time bounce that will eventually show in the 90-day rolling average (orange line)

[Shameless plug alert!]

  1. We called the spring-time bounce in our Q4 webcast back in December (recording & slides).
  2. The Case-Shiller reported a 3.9% quarter-over-quarter home price decline for Q4, based on transaction prices, while our Altos 20-City Composite showed a 3.6% decline Q4 active market prices.  Correlation noted. Of course our Q4 numbers were posted back on 12/29/10 instead of today…

Altos 20-City Price Composite: Q4, 2010

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