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.
Please read our disclaimers for Ratings Services, Indices, Equity Research, Securities Evaluations and Risk Solutions.

2 Comments

  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.

Post a Comment

Thank you for submitting a comment. We ask you to use the comment guidelines to promote thoughtful and productive discussions. Your comment will be approved before it will be posted. Thank you for your patience.

Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

  • CATEGORIES

  • Recent Comments

  • Tags