According to Standard & Poor’s, and Case-Shiller too (their housing market research partner), U.S. housing market prices are down for the third straight month, based on data through November 2011. The complete PDF with details of the latest release, hot off the press as of today 31 January 2012, is now available on the Housing Views website.

For more details on the housing market, past and future, see the Housing Views website, on WordPress, not the corporate pay wall site. It includes Professor Shiller’s monthly updates about the U.S. housing market, and on going commentary from S&P economists. I like it. The charts and graphs gallery will no doubt be of interest to fans of well, charts and graphs.

U.S. Residential Mortgage Performance Index

Earlier this month, S&P and Case-Shiller reported that cumulative default fates, oops, I meant rates(!) are leveling off, but later-vintage loans still face a long road ahead.

via McGraw-Hill Companies (on tumblr):

Cumulative default rates among U.S. residential mortgage loans continued to level off in third-quarter 2011, furthering improvements that began at the start of the year. Loans that were originated in 2006 and 2007 still have the highest default rates, but performance within these two vintages has improved in recent months. Given myriad factors, however, it’s still too soon to accurately assess whether these trends will continue. Read more.