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http://ochousingnews.com/blog/shiller-housing-faces-turning-point-seasonally-adjusted-prices-fall-may/

Seasonally adjusted home prices fell in may for the first time in over two years. Robert Shiller warns of possible turning point in the housing market.

House_CrashWhen a housing market reaches a top, it’s usually preceded by an unexpected drop in sales during the prime selling season. In June of 2006, sales fell off a cliff, and prices soon followed, and in July of 2010 after expiration of the tax credits, sales again suddenly collapsed, and home prices fell for another 18 months. Here we are in 2014, and sales volumes have been weak all year, and new home sales took a large and unexpected dip. Are we on the cusp of another market downturn?

Source: http://ochousingnews.com/blog/shiller-housing-faces-turning-point-seasonally-adjusted-prices-fall-may/#ixzz393GrGO8C

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