Friday, April 08, 2011

Radar Watching: February 2011

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 especially in light of the distortions created by the massive government tax gimmick and other malfeasance.

As for the latest trends, it’s important to note that the 25-MSA Composite is continuing to show significant year-over-year declines and after having broken below the low set in March of 2009 earlier this year, continues to set new lows on a daily basis.

The latest data shows that as of early February, prices are 4.03% below the level seen in February 2010.