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 continuing to show significant year-over-year declines and after having broken well below the low set in March of 2009 (double-dipping) earlier this year, continues to come off the low as the typical spring and early summer transactions continue to mount.
The latest data shows that as of mid-June, prices have declined 4.56% below the level seen in June 2010 while turning up quite a bit since the lows seen this February.
It will be interesting to see how far the spring buying can push prices but it's important to note that this seasonal lift likely began to wane in early July (as will be reported in September) when transactions begin to trail off into the deep summer months.
