Radar logic: Housing prices are dropping
As I have noted in the past, since the home price index data provided by 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鈥檚 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.
