February 2010 Update for December 09: Which tail is wagging the dog? CNN: "Home prices fall another 2.5%" NY Times: "U.S. Home Prices Rise Modestly" Business Insider: "Case-Shiller December: Home Prices Fall -3.1%" "The headline 20-city housing decline of 3.1% in the Case-Shiller index appears to be right in line with what analysts were expecting." "Once again, we get evidence that there's no... [more]
February 2010 Update for December 09:
Which tail is wagging the dog?
CNN: "Home prices fall another 2.5%"
NY Times: "U.S. Home Prices Rise Modestly"
Business Insider: "Case-Shiller December: Home Prices Fall -3.1%"
"The headline 20-city housing decline of 3.1% in the Case-Shiller index appears to be right in line with what analysts were expecting."
"Once again, we get evidence that there's no national housing market, as some cities like New York continue to fall sequentially, while Las Vegas is bouncing back a little.
The other big theme: If you're waiting for the market to come "back," then you're going to have to wait for years."
Looks like seasonally adjusted is at +0.3%, no adjustment = -0.3%
NY Metro:
-6.3% year over year
-0.7% November to December
http://www.standardandpoors.com/
Chaos and spin rules!
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