Another Dozen Housing Markets Improve

Back in June we pointed out a dozen housing markets that were showing pricing improvement. This week revealed a dozen more.

A jump in the national S&P/Case-Shiller Home Price Index further clarifies that the price drops of the past few years are now over. The 20-city index rose quarter-over-quarter by 1.4%.

"This is great news; prices may be starting to grow again" said Pat Newport, of IHS Global Insight. "Three independent sources, the National Association of Realtors, the Federal Housing Finance Agency and Case Shiller are showing price improvement."

Repeatedly we said that the strength of this recovery will be measured in part by how well the housing industry fares.

Comments

[Radardoc:]

What exactly is your definition of an independent source?

When your sources have a vested interest in the market they are commenting on, it's much closer to "conflict of interest" than it is to "independent."

Aug 28 12:19 PM

[The Good Ne...:]

Good point. In fact, I've stated many times here that when it comes to markets and economics: the majority is always wrong. -- Galbraith, John Kenneth... So the question that I ask is whether or not these sources continue to be the minority or are they now in the majority... I leave that as an exercise for the student.

Aug 29 10:39 AM

[swygert@law...:]

Mr. Mast, your optimistic point of view is always refreshing, especially when the tide is going out. Nonetheless, I wish I could share your optimism about the housing market. Statistical data must always be taken with several grains of salt. Having said the obvious, I still applaud you for seeing and pointing out green shoots.

Aug 29 12:47 PM