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Case-Shiller: Home Prices Fall Nationally and in Chicago

  • February 28, 2012

by UrbanTurf Staff

The latest Case-Shiller report released this morning showed that seasonally-adjusted home prices fell 1.1 percent nationally between November and December 2011, and have dropped by about 4.0 percent since December 2010. In Chicago, the index reported that home prices decreased on a monthly basis (-2.0%) as well as between November 2010 and November 2011 (-6.5%).

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Case-Shiller December 2011

From the Case-Shiller press release:

“In terms of prices, the housing market ended 2011 on a very disappointing note,” says David M. Blitzer, Chairman of the Index Committee at S&P Indices. “With this month’s report we saw all three composite hit new record lows. While we thought we saw some signs of stabilization in the middle of 2011, it appears that neither the economy nor consumer confidence was strong enough to move the market in a positive direction as the year ended.”

This article originally published at http://chicago.urbanturf.com/articles/article/case-shiller_home_prices_fall_nationally_and_in_chicago1/5212

Lauren Mitrick

Newman Realty

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