Expecting Case-Shiller Index on Monday December 29, 2008
I’m expecting the updated Case-Shiller Index to be published early next week and perhaps as early as Monday to kick off a quiet week of financial information for the last week of the year. The latest report will compare October data.
At some point in the next 3-4 months I believe we are going to see marked improvement in the Case-Shiller Index for the Twin Cities. The reason is it compares year over year data. Home prices in the Twin Cities really started to go in to a steep decline last December. When we start looking at pricing data this coming February and March, I just don’t think we’re going to see comparable declines of 14-15%.
Categories: Case-Shiller Index, Twin Cities Real Estate
