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Q8 - 8 The year-over-year percentage change in US National...

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Picture 1 8. The year-over-year percentage change in US National Home Prices in Q3 2009 (relative to Q3 2008) as measured by the S&P/Case-Shiller Index. This Q3 2003 figure will be available in late December. The S&P/Case-Shiller Home Price Indices measures the residential housing market across the United States. These indices use the single-family repeat sales pricing technique to measure housing markets. The S&P/Case-Shiller U.S. National Home Price Index is a broader composite of single-family home price indices for the nine U.S. Census divisions and is calculated quarterly. Data through June 2009 shows that the U.S. National Home Price Index improved in the second quarter of 2009. The bold line in the chart above represents the US National Home Price index. Home prices were down by 14.9% in Q2 2009 as compared to a year earlier. Although home prices are significantly lower than those a year ago, it is a substantial improvement from the 19.1% y-o-y decline in Q1 2009.
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