Radar logic: Housing prices are dropping
As of early March, prices have declined 2.71 percent below the level seen in March 2011.
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.Skip to next paragraph
Writer, The PaperEconomy Blog
'SoldAtTheTop' is not a pessimist by nature but a true skeptic and realist who prefers solid and sustained evidence of fundamental economic recovery to 'Goldilocks,' 'Green Shoots,' 'Mustard Seeds,' and wholesale speculation.
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As for the latest trends, it’s important to note that the 25-MSA Composite is showing significant year-over-year declines while prices continue to bounce from the lows set in late-January.
The latest data shows that as of early-March, prices have declined 2.71% below the level seen in March 2011 continuing the pattern of past years with prices now heading higher as the data moves into the typically more active spring selling season.
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