Paper Economy - A US Real Estate Bubble Blog

Friday, January 11, 2013

Radar Watching: November 2012

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 increases rising 9.15% above the level seen in November 2011 with prices following a typical but notably less severe seasonal trend.

It's important to recognize that since 2009, the fall has typically brought slumping prices into November, a short pause through the holiday season, and then slumping prices into March where the slow winter transactions effectively bottom preceding the spring upswing.

This year we see a very small price drop moving into November possibly indicating that the remainder of the price declines until March could also be relativity small.

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