Excerpt:
S&P/Case-Shiller released the monthly Home Price Indices for October (“October” is a 3-month average of August, September and October closing prices). October closing prices include some contracts signed in June, so there is a significant lag to this data. Here is a graph of the month-over-month (MoM) change in the Case-Shiller National Index Seasonally Adjusted (SA).
The MoM increase in the seasonally adjusted (SA) Case-Shiller National Index was at 0.35% (a 4.2% annual rate), This was the 21st consecutive MoM increase in the seasonally adjusted index.
On a seasonally adjusted basis, prices increased month-to-month in 18 of the 20 Case-Shiller cities (prices declined in Cleveland and Tampa seasonally adjusted). San Francisco has fallen 6.4% from the recent peak, Phoenix is down 3.0% from the peak, and Denver down 2.0%.
There is much more in the article.