S&P/Case-Shiller® November Home-Price Index

The S&P/Case Shiller® composite index for the month of November was released today.

The Reuters headline is that prices dropped unexpectedly.

"'Despite continued low interest rates and better real GDP growth in the fourth quarter, home prices continue to fall. Weakness was seen as 19 of 20 cities saw average home prices decline in November over October,' says David M. Blitzer, Chairman of the Index Committee at S&P Indices. 'The only positive for the month was Phoenix, one of the hardest hit in recent years. Annual rates were little better as 18 cities and both Composites were negative. Nationally, home prices are lower than a year ago. The 10-City Composite was down 3.6% and the 20-City was down 3.7% compared to November 2010. The trend is down and there are few, if any, signs in the numbers that a turning point is close at hand.'"

Northern Virginia Bits Bucket 1/25/2012

Please post your local house search updates, MLS finds, on-topic ideas, and links here.

Northern Virginia Bits Bucket 1/20/2012

Please post your local house search updates, MLS finds, on-topic ideas, and links here.

Northern Virginia Bits Bucket 1/16/2012

Please post your local house search updates, MLS finds, on-topic ideas, and links here.

Northern Virginia Bits Bucket 1/10/2012

Please post your local house search updates, MLS finds, on-topic ideas, and links here.

Northern Virginia Inventory Update

Here's an inventory update -- the statistics are from Virginia MLS. It begins in March 2005 and ends on November 1, 2011. Available inventory on January 3 was 5,333 available properties, a decrease of 300 properties from two days ago.

Here's the link to the whole spreadsheet.