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Shiller Time

The Standard & Poor’s/Case-Shiller index is out yet again, and this month it's telling us that house prices in 20 major US cities rose from June to July, but are still down from July 2010: the index "was up 0.9% over June, but down 4.1% from July 2010. The month-over-month bump is most likely due to the seasonal boost the housing market gets over the summer and will most likely do little to cheer economists about the housing market's future." Los Angeles prices in July were up 0.2 percent over June and down 3.5 percent (pdf) over July 2010. [LAT/S&P]