February’s data for the S&P/Case-Shiller Home Price Indices were a bit disappointing with nine cities — Tampa, Las Vegas, New York, Seattle, Portland OR, Chicago, Atlanta, Charlotte and Cleveland all making new post-boom lows. After all this, Las Vegas still holds the unenviable record for the largest peak-to-trough drop of 62%. The two composites also [...]
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The Guessing Game
The guessing game to predict when home prices might begin a sustained rise is heating up. Recent press reports including comments on foreclosures side by side with reports of bidding wars in some neighborhoods. A look at some of the S&P/Case-Shiller data shows some of the developments below the surface as the housing markets creep [...]