Monday, March 12, 2012

Radar Watching: January 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 declines with prices breaking to new lows with each passing day.

The latest data shows that as of early-January, prices have declined 6.08% below the level seen in January 2011 while appearing to continue it's seasonal slump through the winter months in a similar manner to past years.