The latest data on home prices from S&P/Case-Shiller was just released. It showed prices down 13.3% in July from a year earlier in the 20 metropolitan areas tracked by the group. That was a smaller rate of decline than the market was looking for (-14.2%) and a smaller decline than we saw in June (-15.4%). On a monthly basis, prices rose 1.61%. That was the third gain in a row after a multi-month string of losses.
July S&P/Case-Shiller: Prices down 13.3% YOY
Previous post: New home sales miss expectations in August
Next post: Dollar getting hammered, gold flying on RBA move, oil chatter
{ 1 comment… read it below or add one }
I have missed the effect of human instinct SEASON .
Remember what they did at the beginning of June.
they wiped out the clouds and showed us a sunshine and
“come on I offer you a lot, why don’t you dance” .
the summer season they estimating was a green shoots, Especially for house.
They are smart ..like ..wow.
BUT the green shoots ,core problem of ALL result LIKELY.
they have missed something…. my speculation below.
the object is spreading multi dimensionally constantly like suine flu not a flat one.
Unable to see touch feel , it’s a monster.
I see loooooong last stagflation.
70s is coming back cultivated enhanced stuffed …a lot lot lot.
Consider about simul(def-inf) lation.
For a while have you seen The Relative Master Yen ?
Swine flu – A highly contagious form of human influenza caused by a filterable virus identical or related to a virus formerly isolated from INFECTED swine.