Radar Watching: May 2013

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 9.5% above the level seen in May 2012 with prices, more or less, bucking the typical seasonal trends and staying elevated throughout the winter months and on into spring.

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.

Radar Watching: July 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 showing continued year-over-year while prices continue to bounce from the lows set in late-January.

The latest data shows that as of late-July, prices have increased 4.0% above the level seen in July 2011 continuing the pattern of past years with prices now starting lose a little lift as the data moves from the typically most active spring period into a topping of activity seen in summer.

Look for tomorrow's S&P/Case-Shiller report to indicate more or less consistent trends with July showing continued but slowing improvement.

Radar Watching: May 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 showing the first year-over-year gins seen since mid-2010 while prices continue to bounce from the lows set in late-January.

The latest data shows that as of early-May, prices have increased 0.01% above the level seen in May 2011 continuing the pattern of past years with prices now heading higher as the data moves into the typically more active spring selling season.

Radar Watching: April 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 showing significant year-over-year declines while prices continue to bounce from the lows set in late-January.

The latest data shows that as of early-April, prices have declined 1.17% below the level seen in April 2011 continuing the pattern of past years with prices now heading higher as the data moves into the typically more active spring selling season.

Radar Watching: March 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 showing significant year-over-year declines while prices continue to bounce from the lows set in late-January.

The latest data shows that as of early-March, prices have declined 2.71% below the level seen in March 2011 continuing the pattern of past years with prices now heading higher as the data moves into the typically more active spring selling season.

Radar Watching: October 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.

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 has now dropped well below all recent lows reaching a level not seen since early 2003.

The latest data shows that as of late October, prices have declined 7.31% below the level seen in
October 2010 while continuing to turn down from a seasonal peak reached in mid-June.

With the spring/summer selling season now complete and declining prices now registering with regularity, there is nowhere for prices to go but down. Look for a declining trend to continue to materialize and likely run into March or April of 2012.

Radar Watching: October 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.

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 and then rising throughout the spring/summer selling season, is now clearly in decline as the data moves into the period of the year with the least number of transactions.

The latest data shows that as of October, prices have declined 4.33% below the level seen in October 2010 while continuing to turn down from a seasonal peak reached in mid-June.

With the spring/summer selling season now complete and declining prices now registering with regularity, there is nowhere for prices to go but down. Look for a declining trend to continue to materialize and likely run into March or April of 2012.

Radar Watching: September 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.

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 and then rising throughout the spring/summer selling season, is now clearly in decline as the data moves into the period of the year with the least number of transactions.

The latest data shows that as of September, prices have declined 4.42% below the level seen in September 2010 while continuing to turn down from a seasonal peak reached in mid-June.

With the spring/summer selling season now complete and declining prices now registering with regularity, there is nowhere for prices to go but down. Look for a declining trend to continue to materialize and likely run into March or April of 2012.

More Pain, Less Gain: S&P/Case-Shiller Preview for August 2011

As I demonstrated in prior posts, given their strong correlation, the home price indices provided daily by Radar Logic, averaged monthly, can effectively be used as a preview of the monthly S&P/Case-Shiller home price indices.

The current Radar Logic 25 MSA Composite data reported on residential real estate transactions (condos, multi and single family homes) that settled as late as August 22 and averaged for the month indicates that with the slowing summer transactions has come a flattening of prices (the typical trend) with the national index declining 0.60% since July and falling 4.50% below the level seen in August 2010.

The Radar Logic index will likely be capturing an decline in prices from now until early 2012 as transactions continue to trend down.

Look for tomorrow's S&P/Case-Shiller home price report to reflect this flattening/declining trend though to a lesser degree due to its three month rolling-average nature with prices moderately higher.

Radar Watching: August 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.

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 and then rising throughout the spring/summer selling season, now trends clearly appear to have topped out as the peak summer activity is firmly established.

The latest data shows that as of mid-August, prices have declined 4.52% below the level seen in August 2010 while continuing to turn down from a seasonal peak reached in mid-June.

With the spring/summer selling season now complete and sliding prices now registering with regularity, there is nowhere for prices to go but down. Look for a declining trend to continue to materialize and likely run into March or April of 2012.

More Pain, Less Gain: S&P/Case-Shiller Preview for July 2011

As I demonstrated in prior posts, given their strong correlation, the home price indices provided daily by Radar Logic, averaged monthly, can effectively be used as a preview of the monthly S&P/Case-Shiller home price indices.

The current Radar Logic 25 MSA Composite data reported on residential real estate transactions (condos, multi and single family homes) that settled as late as July 25 and averaged for the month indicates that with the slowing summer transactions has come a flattening of prices (the typical trend) with the national index remaining unchanged since June but still remaining 4.66% below the level seen in July 2010.

The Radar Logic index will likely be capturing an decline in prices from now until early 2012 as transactions continue to trend down.

Look for tomorrow's S&P/Case-Shiller home price report to reflect this flattening trend though to a lesser degree due to its three month rolling-average nature with prices moderately higher.

Radar Watching: July 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.

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 and then rising throughout the spring/summer selling season, now trends appear to be topping out as the peak summer activity draws to a close.


The latest data shows that as of mid-July, prices have declined 4.70% below the level seen in July 2010 while turning down from a seasonal peak reached in mid-June.

With the spring/summer selling season now complete there is nowhere for prices to go but down. Look for a declining trend to continue to materialize and likely run into March or April of 2012.

Radar Watching: June 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.

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.

More Pain, Less Gain: S&P/Case-Shiller Preview for May 2011

As I demonstrated in prior posts, given their strong correlation, the home price indices provided daily by Radar Logic, averaged monthly, can effectively be used as a preview of the monthly S&P/Case-Shiller home price indices.

The current Radar Logic 25 MSA Composite data reported on residential real estate transactions (condos, multi and single family homes) that settled as late as May 23 and averaged for the month indicates that with increasing spring transactions has come increasing prices (the typical trend) with the national index increasing 1.14% since April but still remaining 5.89% below the level seen in May 2010.

The Radar Logic index will likely be capturing an uptrend in prices from now until mid-summer when transactions generally start to turn down again.

Look for tomorrow's S&P/Case-Shiller home price report to reflect this trend though to a lesser degree due to its three month rolling-average nature with prices moderately higher.

Radar Watching: May 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.

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 transactions begin to mount.

The latest data shows that as of mid-May, prices have declined 5.55% below the level seen in May 2010 while turning up 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 factor will likely end in early July (as reported in September) when transactions begin to trail off into the summer months.

More Pain, Less Gain: S&P/Case-Shiller Preview for April 2011

As I demonstrated in prior posts, given their strong correlation, the home price indices provided daily by Radar Logic, averaged monthly, can effectively be used as a preview of the monthly S&P/Case-Shiller home price indices.

The current Radar Logic 25 MSA Composite data reported on residential real estate transactions (condos, multi and single family homes) that settled as late as April 22 and averaged for the month indicates that with increasing spring transactions has come increasing prices (the typical trend) with the national index increasing 1% since March but still remaining 5.45% below the level seen in April 2010.

The Radar Logic index will likely be capturing an uptrend in prices from now until mid-summer when transactions generally start to turn down again.

Look for tomorrow's S&P/Case-Shiller home price report to reflect this trend though to a lesser degree due to its three month rolling-average nature with prices flat to moderately higher.

Radar Watching: April 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 well below the low set in March of 2009 (double-dipping) earlier this year, continues to come off the low as the typical early spring transactions begin to mount.

The latest data shows that as of early April, prices have declined 5.10% below the level seen in April 2010 while turning up 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 factor will likely end in early July when transactions begin to trail off into the summer months.

Radar Watching: March 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 (double-dipping) earlier this year, now appears to have come off the low a bit as the typical early spring transactions begin to mount.

The latest data shows that as of early March, prices have declined 5.18% below the level seen in March 2010 while turning up 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 factor will likely end in early July when transactions begin to trail off into the summer months.

More Pain, Less Gain: S&P/Case-Shiller Preview for January 2011

As I demonstrated in prior posts, given their strong correlation, the home price indices provided daily by Radar Logic, averaged monthly, can effectively be used as a preview of the monthly S&P/Case-Shiller home price indices.

The current Radar Logic 25 MSA Composite data reported on residential real estate transactions (condos, multi and single family homes) that settled as late as January 24 and averaged for the month indicates that in the wake of the expiration of the government's final housing tax gimmick prices have continued to decline nationally dropping 3.39% below the level seen in January 2010.

The latest daily RPX data is indicating that the price decline picked up steam throughout January and is currently down roughly 3.44% on a year-over-year basis.

This trend is likely telling us that, as transactions collapse down to the weak "organic" level post-housing tax scam, prices have followed.

Look for tomorrow's S&P/Case-Shiller home price report to reflect an equivalent declining trend for prices as the source data moves further through months affected by the tax credit activity and into reality.

Radar Watching: December 2010

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.

By contrast, recognize that because the S&P/Case-Shiller (CSI) data is a two month lagged and a three month moving average, the index data will reflect price movement resulting from the government's housing tax scam (as BostonBubble pointed out) until at least the February 2011 release.

The Radar logic data, on the other hand, while lagged by 60 days is reported daily and, more importantly, is NOT SMOOTHED or adjusted so you can expect to see the underlying trends more precisely and substantially sooner than with the CSI.

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 a slumping direction that appears bound to wipe-out the low value reached in March of 2009 prior to the government's massive housing boondoggle.

The latest data shows that as of early December, prices are 3.15% below the level seen in December 2009.

Further, Radar Logic is predicting that prices may be on the ropes for some time.

"Home prices will not recover on a sustained year-over-year basis until the supply overhang is reduced. If housing demand increases because of improvements in the employment and other sectors of the economy, financial institutions will respond by putting more of the homes in their inventories on the market, and home prices will remain depressed."