S&P Case Schiller Home Price Index & Consumer Confidence
Summary: Headline reads home price declines slowing with the smallest drop since Sept....
Under the sheets... Steep declines in home prices continue to accelerate to new all time lows.
Headline reads consumer confidence surveys do not always correlated with actual consumer spending...
Under the sheets... Consumer confidence falls to a 17 year low as future expectations hit a new all time low.
S&P Case Schiller Home Price Index May -15.3% vs -14.3%- Full Report
Inside the number: 10 city composite hit a new record low at -16.3% and the 20 city composite hit a record low of -15.3%.
Eight months straight with at least 12 metro areas in decline.
Yoy Las Vegas -26.8%; Miami -26.7%; Phoenix -25%; Los Angeles -23.1%; San Diego -22.4%; San Francisco -22.1%.
Consumer Confidence June 50.4 vs 58.1 Full Report
Inside the number: The 5th lowest reading ever with the future expectations index hitting a new all time low.
Under the sheets... Steep declines in home prices continue to accelerate to new all time lows.
Headline reads consumer confidence surveys do not always correlated with actual consumer spending...
Under the sheets... Consumer confidence falls to a 17 year low as future expectations hit a new all time low.
S&P Case Schiller Home Price Index May -15.3% vs -14.3%- Full Report
Inside the number: 10 city composite hit a new record low at -16.3% and the 20 city composite hit a record low of -15.3%.
Eight months straight with at least 12 metro areas in decline.
Yoy Las Vegas -26.8%; Miami -26.7%; Phoenix -25%; Los Angeles -23.1%; San Diego -22.4%; San Francisco -22.1%.
Consumer Confidence June 50.4 vs 58.1 Full Report
Inside the number: The 5th lowest reading ever with the future expectations index hitting a new all time low.
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