New unemployment numbers show slight year-over-year gains
Using numbers provided by Radar Logic's home price index, SoldAtTheTop analyzes some of the deeper trends in the current US housing market. The latest numbers show the first year-over-year gains since mid-2010.
This chart shows the MSA-25 composite home price index, in terms of annual percent change, as measured over the past ten years. The composite is showing the first year-over-year gains seen since mid-2010.
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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 showing the first year-over-year gains seen since mid-2010 while prices continue to bounce from the lows set in late-January.
The latest data shows that as of early-May, prices have increased 0.01% above the level seen in May 2011 continuing the pattern of past years with prices now heading higher as the data moves into the typically more active spring selling season.