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20-city composite index

Austin Mortgage Market Update – For the week of October 4, 2010

Last week's housing market data centered on Standard & Poor's S&P/Case-Shiller Home Price Index. This showed home prices UP in July for the fourth month in a row, but the pace of their gain had slowed from prior months. With the expiration of the government's home buyer tax incentives, some observers wonder if the S&P/Case-Shiller will keep moving up. The composite 20-city index, a broad measure of U.S. home prices, showed a 3.2% increase year over year, the sixth month in a row it posted an annual gain.

Austin Mortgage Market Update – For the week of April 5, 2010

The Case-Shiller home price index came in last week with nine out of the 20 cities in the survey posting year-over-year gains. On a seasonally adjusted basis, the 20-city composite index rose from December to January by 0.3%. The chairman of the index committee noted, "...we continue to see improvements in the year-over-year data for all 20 cities." The report also stated,"annual rates for the two composites have not been this close to a positive (point) since January 2007."