EconoIndicators

Case-Shiller Housing Price Index At a Glance

• Composite 20 Index: 154.59
• Monthly Change: Down 2.2%
• Composite 10 Index: 166.05
• Monthly Change: Down 2.2%

Technorati Tags: Case-Shiller Index, housing prices, home prices

Home Price Declines Continue as the S&P/Case-Shiller Home Prices Indices
Set New Record Annual Declines
New York, January 27, 2009 – Data through November 2008, released today by Standard & Poor’s for
its S&P/Case-Shiller 1 Home Price Indices, the leading measure of U.S. home prices, shows continued
broad based declines in the prices of existing single family homes across the United States, with 11 of
the 20 metro areas showing record rates of annual decline, and 14 reporting declines in excess of 10%
versus November 2007.
S&P/Case-Shiller Home Price Indices
24% 24%
20% 20%
16% 16%
10 -City Composite
12% 12%
Percent change, year ago
Percent change, year ago
8% 8%
20-City
4% 4%
Composite
0% 0%
-4% -4%
-8% -8%
-12% -12%
-16% -16%
-20% -20%
1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008
Source: Standard & Poor’s & Fiserv
The chart above depicts the annual returns of the 10-City Composite and the 20-City Composite Home
Price Indices. Following the lead of the 11 metro areas described above, the 10-City Composite matched
last month’s record decline of 19.1% and the 20-City Composites set a new record, down 18.2%.
“The freefall in residential real estate continued through November 2008,” says David M. Blitzer,
Chairman of the Index Committee at Standard & Poor’s. “Since August 2006, the 10-City and 20-City
Composites have declined every month – a total of 28 consecutive months. Every region was down in
excess of 1% for the November/October period, with eight of the regions recording record monthly
declines. Phoenix and Las Vegas were the worst performers for the month at -3.4% and -3.3%,

Source: Standard and Poors