Actually, the Case-Shiller home price index rose even more dramatically, with some years showing 15 percent bump-ups.
This week it has been the Case-Shiller Home Price Index, which showed home prices fell again in March.
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Tuesday brings the Case-Shiller Home Price Index and consumer confidence numbers, followed by the ADP Employment Report and factory orders on Wednesday.
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The widely followed Case-Shiller home price index hit fresh lows again.
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The Case-Shiller Home Price index this morning will be released at 9.
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We also get more information on the housing market, with the Case-Shiller Home Price Index report Tuesday, followed by pending home sales on Wednesday.
The creator of the Case-Shiller Home Price Index, Robert Shiller, recently said that he was optimistic that home prices could fall for the next 20 years.
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U.S. economic data due for release Tuesday includes the weekly Goldman Sachs chain store sales index, the weekly Johnson Redbook retail sales report, the Case-Shiller home price index, the consumer confidence index, new residential home sales and the Richmond Fed business activity survey.
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The Case-Shiller 20 city home price index (not seasonally adjusted) is up more than 2% since March 2011 and 8% over the last 12 months.
And the upturn in the Case Shiller Home-Price Index is being pushed along by a fresh construction boom.
Zillow forecasts that the Case-Shiller 20-City Composite Home Price Index will decline 4 percent on a year-over-year basis, but rise 1.2 percent on a month-over-month basis.
We forecast that the Case-Shiller 20-City Composite Home Price Index will decline 3.5 percent on a year-over-year basis, but rise 0.9 percent on a month-over-month basis.
For the Case-Shiller 10-City Composite Home Price Index, we forecast that it will show a decline of 3.4 percent on a year-over-year basis, while displaying an increase of 1.2 percent on a month-over-month basis.
For the Case-Shiller 10-City Composite Home Price Index, we forecast that it will show a decline of 2.9 percent on a year-over-year basis, while displaying an increase of 0.9 percent on a month-over-month basis.
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