Seasonally unadjusted home prices will likely increase during the spring and summer months, repeating the seasonal pattern of the past few years. Although March home price data will likely show declines, prices could turn positive in April when Standard & Poor’s reports April home price data (S&P/Case-Shiller) in late June. Overall, today’s home prices are about where they were almost 10 years ago. Existing and new home sales dropped in March, but some good news for housing came from pending home sales, a leading indicator for existing home sales.
In this CreditMatters TV segment, I discuss the latest housing-related data. To view the video segment, click here.