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Change in Prices of Existing Single-Family Houses, 1988-2007
Table Data for Figure
Percent
Period Repeat-transactions index S&P/Case-Shiller ten-city index
1988:Q1 6.38 11.71
1988:Q2 6.62 10.70
1988:Q3 6.08 10.87
1988:Q4 6.23 10.68
1989:Q1 5.75 10.89
1989:Q2 4.91 10.94
1989:Q3 6.18 8.41
1989:Q4 6.04 6.67
1990:Q1 5.07 4.67
1990:Q2 3.66 1.93
1990:Q3 1.67 -0.26
1990:Q4 0.27 -2.80
1991:Q1 0.62 -5.34
1991:Q2 1.06 -5.71
1991:Q3 0.78 -3.64
1991:Q4 1.91 -2.22
1992:Q1 1.99 -0.32
1992:Q2 1.91 0.31
1992:Q3 2.78 -1.15
1992:Q4 2.65 -1.60
1993:Q1 1.47 -1.64
1993:Q2 2.71 -1.95
1993:Q3 2.76 -1.72
1993:Q4 2.83 -1.41
1994:Q1 3.79 -0.73
1994:Q2 3.71 0.52
1994:Q3 3.54 1.28
1994:Q4 2.90 1.65
1995:Q1 2.44 1.22
1995:Q2 2.45 0.15
1995:Q3 2.65 -0.19
1995:Q4 2.70 -0.36
1996:Q1 3.37 -0.15
1996:Q2 3.37 0.89
1996:Q3 3.11 1.15
1996:Q4 3.08 1.65
1997:Q1 2.69 2.12
1997:Q2 2.99 2.79
1997:Q3 3.07 3.84
1997:Q4 3.44 4.86
1998:Q1 4.11 6.55
1998:Q2 4.48 7.99
1998:Q3 5.05 9.39
1998:Q4 5.59 9.45
1999:Q1 5.77 8.87
1999:Q2 5.94 9.26
1999:Q3 6.13 9.32
1999:Q4 6.04 10.23
2000:Q1 6.37 11.48
2000:Q2 6.57 12.97
2000:Q3 6.69 13.17
2000:Q4 6.90 13.80
2001:Q1 6.97 14.41
2001:Q2 6.94 12.30
2001:Q3 6.93 10.88
2001:Q4 6.80 9.76
2002:Q1 6.59 7.95
2002:Q2 6.74 9.56
2002:Q3 7.18 12.25
2002:Q4 7.61 14.20
2003:Q1 7.63 15.23
2003:Q2 7.45 13.63
2003:Q3 7.48 12.25
2003:Q4 7.62 12.98
2004:Q1 8.04 14.92
2004:Q2 8.66 18.49
2004:Q3 9.04 20.29
2004:Q4 9.34 19.15
2005:Q1 9.44 18.72
2005:Q2 9.80 17.22
2005:Q3 9.78 15.87
2005:Q4 9.55 16.07
2006:Q1 8.99 13.79
2006:Q2 7.53 9.75
2006:Q3 5.50 5.33
2006:Q4 4.05 1.40
2007:Q1 3.33 -1.22
2007:Q2 2.90 -3.35
2007:Q3 1.94 -4.91
2007:Q4 -0.32 -8.27

Note: The data are quarterly and extend through 2007:Q4; changes are from one year earlier. For the years preceding 1991, the repeat-transactions index includes appraisals associated with mortgage refinancings; beginning in 1991, it includes purchase transactions only. The S&P/Case-Shiller index reflects all arm's-length sales transactions in the metropolitan areas of Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, New York, San Diego, San Francisco, and Washington, D.C.

Source: For repeat transactions, Office of Federal Housing Enterprise Oversight; for S&P/Case-Shiller, Chicago Mercantile Exchange.

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