Case Shiller released their latest Home Price Index yesterday. The headlines that followed were true but, in our opinion, a little misleading. Here are some of the highlights of the report that have dominated major media coverage:
- Home prices rose 5.5% in the 12 months ending in November 2012 (the latest data available).
- In the 12 months ended in November, prices rose in 19 of 20 cities.
- Housing is clearly recovering. Prices are rising as are both new and existing home sales.