S&P/Case-Shiller: All Major Composites Show Home Prices at New Lows in 2011

Data through December 2011, released last week by S&P Indices for its S&P/Case-Shiller Home Price Indices showed that all three headline composites ended 2011 at new index lows.

The national composite fell by 3.8% during the fourth quarter of 2011 and was down 4.0% versus the fourth quarter of 2010. Both the 10- and 20-City Composites fell by 1.1% in December over November, and posted annual returns of -3.9% and -4.0% versus December 2010, respectively.

These are worse than the -3.8% respective annual rates both reported for November. With these latest data, all three composites are at their lowest levels since the housing crisis began in mid-2006.

For a regional breakdown and analysis of the numbers, click here.

 

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