Case-Shiller Home Prices Tick in Lower Than Expectations
If you’re looking at this morning’s pre-market indexes and experiencing deja vu, you’re not the only one. Just as Monday morning we saw early trading in the red blossom into the green as the regular trading day started — on the way to new all-time closing highs on the Dow and S&P 500 — we have done the same so far Tuesday: the Dow is +5 points, the S&P +62 and the Nasdaq +36 points at this hour.
Case-Shiller Home Prices Increase, but Miss Estimates
The definitive measure on home prices is the Case-Shiller index, reported a month in arrears from most other housing data (in this case, July). Overall, we see +5% growth in home price data for mid-summer, but this is lower than the +6% analysts had been expecting, and below the downwardly revised +5.5% the previous month.
Breaking the findings down into the two separate indexes, the 10-city survey …
Full story available on Benzinga.com
