Home prices continue to slump

As of February, prices have dropped 4.43 percent below the level seen in February 2011, slumping through the winter months

By , Guest blogger

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    This chart shows the annual percent change in the Radar Logic 25-MSA composite home price index over the past decade. Since plummeting in 2008, all price indicators have remained low.
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As I have noted in the past, since the home price index data provided by Radar Logic is more timely, unadjusted and un-smoothed it is particularly useful for gaining deeper visibility over our housing markets.

As for the latest trends, it’s important to note that the 25-MSA Composite is continuing to show significant year-over-year declines with prices breaking to new lows with each passing day.

The latest data shows that as of early-February, prices have declined 4.43% below the level seen in February 2011 continuing the slump through the winter months in a similar manner to past years while likely just reaching the lows of the season.

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Look for future reports to indicate flat pricing as the data moves into the more active spring months leading to a new seasonal upswing as we approach early summer.

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