Wednesday, July 25, 2012
Radar Watching: May 2012
Wednesday, June 27, 2012
Radar Watching: April 2012
Thursday, June 14, 2012
Radar Watching: March 2012
Thursday, April 19, 2012
Radar Watching: February 2012
Friday, January 27, 2012
Radar Watching: November 2011
Friday, December 23, 2011
Radar Watching: October 2011
Saturday, November 19, 2011
Radar Watching: September 2011
Monday, September 26, 2011
Radar Watching: July 2011
Friday, August 26, 2011
Metromorph: Well someone's been watching Minority Report,...
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Thursday, May 26, 2011
Radar Watching: March 2011
Saturday, January 22, 2011
Radar Watching: November 2010
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 the middle of early November, prices are 2.27% below the level seen in November 2009.
Further, while prices have flattened out in recent months, Quinn Eddins, Director of Research at Radar Logic, suggests that this trend should not be viewed as a sign of stability.
"The absence of volatility in home prices during October should not be interpreted as a sign of stability to come, ... Housing markets continue to face serious headwinds in the form of widespread negative equity, high rates of foreclosure and swelling inventories of bank-owned properties. Even if job creation bolsters housing demand in the 2011, I anticipate that demand will fall short of the burgeoning supply homes for sale, and prices will fall further by the end of the year."
Labels: economy, home prices, radar logic
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