New home data shows jump in prices
As of late-July, home prices have increased 4 percent above the level seen in July 2011, according to a home price index by Radar Logic.
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.
Subscribe Today to the Monitor
As for the latest trends, it’s important to note that the 25-MSA Composite is showing continued year-over-year while prices continue to bounce from the lows set in late-January.
The latest data shows that as of late-July, prices have increased 4.0% above the level seen in July 2011 continuing the pattern of past years with prices now starting lose a little lift as the data moves from the typically most active spring period into a topping of activity seen in summer.
Look for tomorrow's S&P/Case-Shiller report to indicate more or less consistent trends with July showing continued but slowing improvement.
The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here.To add or view a comment on a guest blog, please go to the blogger's own site by clicking on paper-money.blogspot.com.