The S&P Case Shiller Index posted strong gains. Month over month, the Composite-10 index increased by 1.9%. The index is still down 15.13% year over year. 17 of the 20 markets in the Composite-20 index posted positive month over month gains. The data for the index is a compiled using a three month average. Since last month was positive and the trend is moving up strongly, next month should also come in with a strong gain. 
The month over month gains are the highest since the market peaked in 2005.
I have removed the CME Housing Futures data from the chart because they have become so thinly traded.
Tuesday, August 25, 2009
S&P Case Shiller Index posts strong gains
Thursday, August 20, 2009
Mortgage Delinquencies continue rising higher
The Mortgage Bankers Association released their National Delinquency Survey for the Second Quarter of 2009. The total residential mortgages that are at least 30 days delinquent rose to 9.24%. When including loans that are in the foreclosure process the figure rises to a startling 13.16%.
The percentage of loans that are in the foreclosure process rose to 4.30% in the second quarter up from 3.85% in the first quarter.
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