residential real estate

Case-Shiller Index Shows Home Prices Off Record Lows for April 2012

The April 2012 S&P Case Shiller home price index shows a -1.9% decline from a year ago for over 20 metropolitan housing markets and a -2.2% decline for the top 10 housing markets from April 2011. Home prices are now comparable to May 2003 levels for the composite-20 and March 2003 for the composite-10, but up for the month.

Home Ownership & Vacancy Rates for Q1 2012 - Lowest Home Ownership Since Q4 1996

The Census Bureau released the Q4 home ownership, rental and vacancy rates for Q1 2012. Home ownership dropped 1.0% from Q1 2011 to 65.4%, a 0.6% drop from last quarter. This is the lowest home ownership rate since the end of 1996 and the first quarter of 1997.