{"id":111191,"date":"2009-12-29T09:40:59","date_gmt":"2009-12-29T14:40:59","guid":{"rendered":"http:\/\/blogs.wsj.com\/economics\/2009\/12\/29\/a-look-at-case-shiller-by-metro-area-december-update\/"},"modified":"2009-12-29T09:40:59","modified_gmt":"2009-12-29T14:40:59","slug":"a-look-at-case-shiller-by-metro-area-december-update","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/111191","title":{"rendered":"A Look at Case-Shiller, by Metro Area (December Update)"},"content":{"rendered":"

The S&P\/Case-Shiller<\/strong> 20-city home-price index, a closely watched gauge of U.S. home prices, rose a seasonally adjusted 0.4% in October from September. But it was flat on an unadjusted basis as the monthly gains seen earlier in the year faded.<\/p>\n

The index declined 7.3% from a year earlier. For the 19th straight month, no area in the 20-city index posted a year-over-year price gain.<\/p>\n

“Coming after a series of solid gains, these data are likely to spark worries that home prices are about to take a second dip,” said David M. Blitzer<\/strong>, chairman of the Index Committee<\/strong> at Standard & Poor\u0092s. But he added that sales of existing homes have been strong in recent months.<\/p>\n

Just seven of the 20 areas saw monthly price gains in October. Phoenix posted the largest gain at 1.3% followed by San Francisco at 1.2%. Tampa fared the worst with a 1.6% drop.<\/p>\n

By October the 10-city index was down 29.8% from its mid-2006 peak, while the 20-city was down 29%. Home prices nationwide had returned to levels similar to the fall of 2003.<\/p>\n