The 4.8% Q2 gain in Freddie Mac's House Price Index was the strongest print in 8 years, says...

|By:, SA News Editor

The 4.8% Q2 gain in Freddie Mac's House Price Index was the strongest print in 8 years, says Chief Economist Frank Nothaft. He casts doubt on the claim of a massive "shadow inventory" set to be unleashed on the market, noting sharp declines in both excess-for-rent and excess-for-sale inventory. Also, national figures are obscuring true tightness in many local markets.