US DATA: Oct S&P/Case-Shiller Home Price composite-20 index -1.2%
MOM for -3.4 YOY. Text: “Nineteen of the 20 cities covered by the
indices also saw home prices decrease over the month. The 10- and
20-City Composites posted annual returns of -3.0% and -3.4% versus
October 2010, respectively. Fourteen of the 20 MSAs and both Composites
saw improved annual returns compared to September’s data. Miami saw no
change in annual returns in October; while Atlanta, Detroit, Las Vegas,
Los Angeles and Minneapolis saw their annual rates worsen. At -11.7%
Atlanta posted the lowest annual return. Detroit and Washington DC were
the only two cities to post positive annual returns of +2.5% and +1.3%,
respectively.”