Tampa Real Estate Market View – 10/27/2009 – Home Price Index

This morning the S&P/Case-Shiller Home Price Index has been released.  The % increased in the 20 city composite continued for a fourth straight month at 1.2% for August over July with the August number at (-11.3%) .  The consensus forecast was anticipated at (-11.9%).  As for the Tampa home market, prices increased slightly from July to August at .4%  which was less than the 1.4% change from June to July, but still a postive sign.   The year-over-year change for homes in Tampa price declines came in at a negative (-17.7%) which was better than the negative (-18.5%) we saw the prior month.