Case-Shiller Home Prices June 25, 2013 Report

25 06 2013

balloon
Now we are hitting records according to David Blitzer, Chairman of the Index Committee at S&P Dow Jones Indices. “The 10- and 20-City Composites posted their highest monthly gains in the history of S&P/Case-Shiller Home Price Indices. Thirteen cities posted monthly increases of over two percentage points,” he said.

This is a little tough to chew on based on the fact that what he means is that 13 of the 20 cities posted over a 2% increase in a single month in their history. You could probably guess that we might see this again a couple times if next month it is 14 and so on.

The big concern which was not mentioned is the over 20% annual increases and whether they might be repeating history with their own bubbles. Blitzer spoke of this last month on television but did not spend a lot of time on it. Perhaps, he may touch on it today.

Portland is at 148.62 which we have seen in June 2005 on the way up, June 2009 on the way down and June 2010while we were bumping along the bottom. For the year we are safely at a 12.9% increase.

Nice job Portland on staying in the middle and not losing our minds!
off into sunset

The full report here The June 25, 2013 CS Report

Dustin Miller
Broker/Market Analyst

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