{"id":1004082780,"date":"2013-08-28T05:59:44","date_gmt":"2013-08-28T13:59:44","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004082780"},"modified":"2022-12-08T20:15:35","modified_gmt":"2022-12-09T04:15:35","slug":"economy-watch-case-shiller-indices-still-going-up-consumer-confidence-edges-up","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-case-shiller-indices-still-going-up-consumer-confidence-edges-up\/","title":{"rendered":"Economy Watch: Case-Shiller Indices Still Going Up; Consumer Confidence Edges Up Too"},"content":{"rendered":"

By Dees Stribling, Contributing Editor<\/em><\/p>\n

S&P Dow Jones Indices reported on Tuesday that the Case-Shiller Home Price Indices continued to increase as of June. The national index was up 7.1 percent in the second quarter and 10.1 percent over the last four quarters. The 10-city and 20-city composites both posted returns of 2.2 percent for June and 11.9 percent and 12.1 percent, respectively, over 12 months.<\/p>\n

Since the increases are measured until the end of June, not July, the impact on prices of most of the recent increases in mortgage rates \u2013 whatever that impact might be \u2013 wasn\u2019t registered in this report. Still, all 20 cities posted gains on a monthly and annual basis. But only six cities saw prices rising faster in June compared with May, as opposed to ten during the previous month.<\/p>\n

All 20 cities have shown monthly gains for at least three months in a row. Six markets \u2013 Charlotte, Cleveland, Las Vegas, Minneapolis, New York and Tampa \u2013 showed acceleration. Atlanta took the lead with an uptick of 3.4 percent, while San Francisco was up 2.7 percent in June. New York posted a gain of 2.1 percent, its highest since July 2002. Dallas and Denver reached new all-time highs (as they did last month), with increases of 1.7 percent each in June.<\/p>\n

\u201cOverall, the report shows that housing prices are rising, but the pace may be slowing,\u201d David Blitzer, chairman of the Index Committee at S&P Dow Jones Indices, said in a statement. \u201cThirteen out of 20 cities saw their returns weaken from May to June. As we are in the middle of a seasonal buying period, we should expect to see the most gains.\u201d<\/p>\n

Consumer Confidence Edges Up\u00a0<\/strong><\/p>\n

The Conference Board said on Tuesday that its Consumer Confidence Index, which had declined in July, surprised on the upside (a bit) by increasing slightly in August. The index now stands at 81.5 (1985 = 100), up from 81.0 in July. The index is based on a random sample conducted for the Conference Board by Nielsen, with a cutoff date for the preliminary results of Aug. 15.<\/p>\n

Consumers\u2019 assessment of current conditions dropped a little. Those saying that business conditions are \u201cgood\u201d decreased to 18.4 percent from 20.8 percent, while those asserting business conditions are \u201cbad\u201d was unchanged at 24.8 percent. Those claiming jobs are \u201cplentiful\u201d decreased to 11.4 percent from 12.3 percent, while those claiming jobs are \u201chard to get\u201d declined to 33 percent from 35.2 percent.<\/p>\n

\u201cConsumers were moderately more upbeat about business, job and earning prospects,\u201d Lynn Franco, the organization\u2019s director of economic indicators, said in a statement. \u201cIn fact, income expectations, which had declined sharply earlier this year with the payroll tax hike, have rebounded to their highest level in two and a half years.\u201d<\/p>\n

Wall Street was down in the dumps on Tuesday, perhaps worried about the disruptions military action against Syria might cause, with the Dow Jones Industrial Average off 170.33 points, or 1.14 percent. The S&P 500 dropped 1.59 percent and the Nasdaq cascaded downward by 2.16 percent.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The Case-Shiller Home Price Indices continued to increase in June. And the Conference Board’s Consumer Confidence Index, which had declined in July, surprised on the upside by increasing slightly in August. <\/p>\n","protected":false},"author":1023,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1004082780","post","type-post","status-publish","format-standard","hentry","category-latest"],"acf":[],"yoast_head":"\nEconomy Watch: Case-Shiller Indices Still Going Up; Consumer Confidence Edges Up Too - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-case-shiller-indices-still-going-up-consumer-confidence-edges-up\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: Case-Shiller Indices Still Going Up; Consumer Confidence Edges Up Too\" \/>\n<meta property=\"og:description\" content=\"The Case-Shiller Home Price Indices continued to increase in June. And the Conference Board's Consumer Confidence Index, which had declined in July, surprised on the upside by increasing slightly in August.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-case-shiller-indices-still-going-up-consumer-confidence-edges-up\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-08-28T13:59:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T04:15:35+00:00\" \/>\n<meta name=\"author\" content=\"Dees Stribling\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-case-shiller-indices-still-going-up-consumer-confidence-edges-up\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-case-shiller-indices-still-going-up-consumer-confidence-edges-up\\\/\"},\"author\":{\"name\":\"Dees Stribling\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc1e9fa4ee0430d86f8e60cd697c953c\"},\"headline\":\"Economy Watch: Case-Shiller Indices Still Going Up; Consumer Confidence Edges Up Too\",\"datePublished\":\"2013-08-28T13:59:44+00:00\",\"dateModified\":\"2022-12-09T04:15:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-case-shiller-indices-still-going-up-consumer-confidence-edges-up\\\/\"},\"wordCount\":495,\"commentCount\":0,\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-case-shiller-indices-still-going-up-consumer-confidence-edges-up\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-case-shiller-indices-still-going-up-consumer-confidence-edges-up\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-case-shiller-indices-still-going-up-consumer-confidence-edges-up\\\/\",\"name\":\"Economy Watch: Case-Shiller Indices Still Going Up; Consumer Confidence Edges Up Too - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"datePublished\":\"2013-08-28T13:59:44+00:00\",\"dateModified\":\"2022-12-09T04:15:35+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc1e9fa4ee0430d86f8e60cd697c953c\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-case-shiller-indices-still-going-up-consumer-confidence-edges-up\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-case-shiller-indices-still-going-up-consumer-confidence-edges-up\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-case-shiller-indices-still-going-up-consumer-confidence-edges-up\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Economy Watch: Case-Shiller Indices Still Going Up; Consumer Confidence Edges Up Too\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc1e9fa4ee0430d86f8e60cd697c953c\",\"name\":\"Dees Stribling\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/42add8af9e9229ed27332ad13f5b8c6f6ae89de868a41cf81baaac4ad46e589a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/42add8af9e9229ed27332ad13f5b8c6f6ae89de868a41cf81baaac4ad46e589a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/42add8af9e9229ed27332ad13f5b8c6f6ae89de868a41cf81baaac4ad46e589a?s=96&d=mm&r=g\",\"caption\":\"Dees Stribling\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/dcstribling\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Economy Watch: Case-Shiller Indices Still Going Up; Consumer Confidence Edges Up Too - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/economy-watch-case-shiller-indices-still-going-up-consumer-confidence-edges-up\/","og_locale":"en_US","og_type":"article","og_title":"Economy Watch: Case-Shiller Indices Still Going Up; Consumer Confidence Edges Up Too","og_description":"The Case-Shiller Home Price Indices continued to increase in June. And the Conference Board's Consumer Confidence Index, which had declined in July, surprised on the upside by increasing slightly in August.","og_url":"https:\/\/www.commercialsearch.com\/news\/economy-watch-case-shiller-indices-still-going-up-consumer-confidence-edges-up\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2013-08-28T13:59:44+00:00","article_modified_time":"2022-12-09T04:15:35+00:00","author":"Dees Stribling","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-case-shiller-indices-still-going-up-consumer-confidence-edges-up\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-case-shiller-indices-still-going-up-consumer-confidence-edges-up\/"},"author":{"name":"Dees Stribling","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/dc1e9fa4ee0430d86f8e60cd697c953c"},"headline":"Economy Watch: Case-Shiller Indices Still Going Up; Consumer Confidence Edges Up Too","datePublished":"2013-08-28T13:59:44+00:00","dateModified":"2022-12-09T04:15:35+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-case-shiller-indices-still-going-up-consumer-confidence-edges-up\/"},"wordCount":495,"commentCount":0,"articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/economy-watch-case-shiller-indices-still-going-up-consumer-confidence-edges-up\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-case-shiller-indices-still-going-up-consumer-confidence-edges-up\/","url":"https:\/\/www.commercialsearch.com\/news\/economy-watch-case-shiller-indices-still-going-up-consumer-confidence-edges-up\/","name":"Economy Watch: Case-Shiller Indices Still Going Up; Consumer Confidence Edges Up Too - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"datePublished":"2013-08-28T13:59:44+00:00","dateModified":"2022-12-09T04:15:35+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/dc1e9fa4ee0430d86f8e60cd697c953c"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-case-shiller-indices-still-going-up-consumer-confidence-edges-up\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/economy-watch-case-shiller-indices-still-going-up-consumer-confidence-edges-up\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-case-shiller-indices-still-going-up-consumer-confidence-edges-up\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Economy Watch: Case-Shiller Indices Still Going Up; Consumer Confidence Edges Up Too"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/dc1e9fa4ee0430d86f8e60cd697c953c","name":"Dees Stribling","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/42add8af9e9229ed27332ad13f5b8c6f6ae89de868a41cf81baaac4ad46e589a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/42add8af9e9229ed27332ad13f5b8c6f6ae89de868a41cf81baaac4ad46e589a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/42add8af9e9229ed27332ad13f5b8c6f6ae89de868a41cf81baaac4ad46e589a?s=96&d=mm&r=g","caption":"Dees Stribling"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/dcstribling\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004082780","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1023"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004082780"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004082780\/revisions"}],"predecessor-version":[{"id":1004619103,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004082780\/revisions\/1004619103"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004082780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004082780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004082780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}