{"id":232196,"date":"2010-01-26T09:23:17","date_gmt":"2010-01-26T14:23:17","guid":{"rendered":"http:\/\/blogs.wsj.com\/economics\/2010\/01\/26\/a-look-at-case-shiller-by-metro-area-january-update\/"},"modified":"2010-01-26T09:23:17","modified_gmt":"2010-01-26T14:23:17","slug":"a-look-at-case-shiller-by-metro-area-january-update","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/232196","title":{"rendered":"A Look at Case-Shiller, by Metro Area (January Update)"},"content":{"rendered":"

The S&P\/Case-Shiller<\/strong> 20-city home-price index, a closely watched gauge of U.S. home prices, was mostly flat in November from a month earlier.<\/p>\n

The index declined 5.3% from a year earlier. For the first time in 19 months, some of the cities the 20-city index posted a year-over-year price gain. Dallas, Denver, San Diego and San Francisco are in positive territory from a year earlier.<\/p>\n

“While these data do show that home prices are far more stable than they were a year ago, there is no clear sign of a sustained, broad-based recovery,” said David M. Blitzer<\/strong>, chairman of the Index Committee<\/strong> at Standard & Poor\u0092s.<\/p>\n

Just five of the 20 areas saw monthly price gains in November. Phoenix posted the largest gain at 1.1%. Chicago fared the worst with a 1.1% drop.<\/p>\n

Home prices nationwide had returned to levels similar to late 2003. By November the the 20-city was down 29.2% from its mid-2006 peak.<\/p>\n