Has Housing Peaked?

Existing home sales were down in September and mortgage rates are rising.  Data hints that the housing recovery is slowing or could be ending.  The next S&P/Case-Shiller Home Price  report due Tuesday October 29th should tell the story.  After solid year-over-year gains of 12% or more in prices with home prices rising in all 20 cities, we could see far smaller price gains and even a decline in some cities.  The report will be posted here and on www.spdji.com on Tuesday morning.

The posts on this blog are opinions, not advice.
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  1. Paul Jeffery says:

    What is the trend for Los Angeles County land prices and availability?

    • David Blitzer says:

      S&P Dow Jones Indices does not have data on land prices for Los Angeles County. Home prices — which differ from land prices — are rising and are up 21.7% in the 12 months ended in August 2013. The year-over-year price gain has been accelerating since the trend turned positive in July 2012. Home price data are available on http://www.spdji.com.

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