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Case Shiller graphs showing a short term trend toward price decline
invite response
2014 May 27, 4:06am 2,129 views 3 comments
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1
tatupu70
2014 May 27, 4:11am
tatupu70
2014 May 27, 4:11am
There is a difference between a decline and a declining rate of increase.
The C-S is showing a slower rate of price growth.
2
FunTime
2014 May 27, 4:20am
Yeah, I'm going to change the title. My error in misleading as I forgot that the y axis was %.
Nothing to see hear! Prices are going up! Just not as fast.
3
Eman
2014 May 27, 4:26am
Eman
2014 May 27, 4:26am
No doubt. If history is any indication, the rate of increase should be muted this year. My guess is mid single digit.
Looking at the index for the 20 cities, I wonder why Detroit and Cleveland are so affordable while Los Angeles and San Francisco are so expensive. As usual, something is cheap for a reason, and something is expensive for a reason. There's no free lunch.
Always surprised when these don't show up right away here. I'm probably duplicating someone else.
https://www.spice-indices.com/idpfiles/spice-assets/resources/public/documents/93729_cshomeprice-release-0527.pdf?force_download=true
My summary: House prices went way up then way down. A lot of people got burned. Prices went way up, but not as much, so people were determined not to miss it this time and either bought or sold depending on their situation. From here, the housing market sits for at least a half generation. With institutional investors having exited and retirees having sold at a premium, so few will be affected by price swings that nobody will care. Interest rates will rise so that banks and people will real money can continue to make more real money and influence politics.
#housing