Crampton Inspection Service

Real Estate Services

  • Home
  • About
    • About Us
    • Privacy Policy
  • Resources
    • First Time Home Buyer Tips
    • First Time Home Seller Tips
    • Home Pricing 101
  • Blog
  • Visit Our Website
  • Contact

September’s Case-Shiller Index Reflects A Slowing Housing Market

December 1, 2010 by Crampton Inspection Service Leave a Comment

Case-Shiller Change In Home Values September 2009-2010

Standard & Poors released the September Case-Shiller Index Tuesday. The Case-Shiller Index is a home-value tracker. The report shows home prices down 0.7% from August and values fading, in general.

Case-Shiller representatives assessed the findings as “another weak report; weaker than last month”, citing deterioration in 18 of 20 tracked markets. Upward pricing momentum from the summer is slowing and values remain 30% off the market’s June 2006 peak. It could spell bad news for home sellers in Lafayette this winter.

That said, the Case-Shiller Index is imperfect; its methodology flawed. The index is not meant for use by individual buyers or sellers — for 3 reasons.

First, the Case-Shiller Index reports on a 2-month delay. Today is December 1 and we’re discussing data from September. In the 8 weeks since, the economy has shifted to a net jobs gainer, and the Federal Reserve has committed to $600 billion in re-investment.  These are major developments that weren’t a part of September’s housing market, but are relevant today.

Especially because employment is largely believed to be a keystone to housing.

    Second, the Case-Shiller sample set is limited to just 20 cities nationwide. This means that most U.S. home sales are specifically not included in the Case-Shiller Index’s monthly findings.

    And that ties into reason number three — all real estate is local. No matter what the Case-Shiller Index says about the country, what matters to your local market is what’s happening in your local market. Each neighborhood has its own housing economy and that’s something that can’t be captured by a national report.

    Filed Under: Case-Shiller Index Tagged With: Case-Shiller Index,Home Values,Federal Reserve

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Logo

    Contact Us


    Crampton Inspection Service

    P.O. Box 6043
    Moraga, CA 94570
    Phone: 925-376-7707
    Email: john@your-home-inspector.com
    CALL (925) 376-7707

    How can we help?

    • This field is for validation purposes and should be left unchanged.

    Connect with Us



    max-width: 80px;

    Recent Articles

    • What’s Ahead For Mortgage Rates This Week – March 20, 2023
    • How to Get Along With Your Homeowners Association
    • Manage These 3 Items Before Applying For A Mortgage
    • Short-Term Vacation Rentals: What To Know
    • What To Know About Property Lines
    Certified with California Real Estate Inspection Association (CREIA) and American Society of Home Inspectors (ASHI)

    Looking For Something?

    Our Location

    P.O. Box 6043
    Moraga, CA 94570

    Copyright © 2023 · Powered by MySMARTblog