Case-Shiller Home Price Index Down 4.1% From A Year Ago, Economists Expected Worse

houses

The Case-Shiller July home price numbers are out.

The 20-city composite declined 4.1% year-over-year, but beat expectations of a 4.5% decline.  Prices were flat from June on a seasonally adjusted basis. Economists were expecting a 0.1% increase.

On a non-seasonally adjusted basis, prices climbed 0.9%, the fourth consecutive month of increases.

Markets applauded the data, sending futures higher.

July Case ShillerS&P/Case-Shiller Index Through July

Photo: S&P

You can read the full report here.

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