patrick.net

Looks like that link didn't work? Will try to fix but on a mobile.

Think that did it.

First time since Feb 2008 that all cities had a monthly decline. That's not a very positive time period to reference.

Concern is the trend. If you draw a straight line trying to fit the last six dots you get a zero crossing slightly before or right around 2015. Not reality, of course, but that's the concern. If the current trend continues, prices start going down somewhere around the first of 2015. Just like the reports on this index are saying. "First quarter 2015."

Hopefully this isn't misleading and just illustrates the idea. This isn't real but is the fear. Excuse my poor use of drawing tools. Not a skill of mine.

http://www.spindices.com/documents/index-news-and-announcements/20140826-case-shiller.pdf