By John Galt
August 31, 2011 – 07:05 ET
Yesterday the Case-Shiller indices were updated by Standard & Poor’s (Click here to read full report) and the bottom line without much drama is simple:
Year over year the 20 city composite was down 4.5% year over year (seasonally adjusted) and 4.9% (NSA)
Month over month the composite was down 0.1% (SA) and basically unchanged month over month.
The five city condo index improved in Boston, Chicago, and New York where areas of high government spending continue and declined in Los Angeles and San Francisco.
(Click on graph to reduce/enlarge)