Case-Shiller: Home prices up 1.6%, 3rd monthly increase. (real estate, 2009)

[MoorestownResident]

Home prices rise for 3rd month in row, S&P says - MarketWatch

[Amazonas]

Good News Yihaaa!!!!! Let's go out and spend...................................the money we don't have.

Jobs are being shed and houses prices are up...........great the economy is improving. That makes total sense.

[ordinar]

I think he is a real estate agent and distorts the data. One should look at the year to year change (YOY). Prices are down 10% since last year and hopefully this pattern will continue as long as it takes to have affordable housing.

NY Metro Case Shiller


Date NY Metro YoY Change
Jan-09 180.93 -9.73%
Feb-09 177.84 -10.31%
Mar-09 173.59 -11.66%
Apr-09 170.67 -12.36%
May-09 170.97 -11.97%
Jun-09 172.22 -11.56%
Jul-09 173.66 -10.35%

[Amazonas]

Originally Posted by ordinar

I think he is a real estate agent and distorts the data. One should look at the year to year change (YOY). Prices are down 10% since last year and hopefully this pattern will continue as long as it takes to have affordable housing.

NY Metro Case Shiller


Date NY Metro YoY Change
Jan-09 180.93 -9.73%
Feb-09 177.84 -10.31%
Mar-09 173.59 -11.66%
Apr-09 170.67 -12.36%
May-09 170.97 -11.97%
Jun-09 172.22 -11.56%
Jul-09 173.66 -10.35%

How dare you....!!!

[Huckleberry3911948]

government bailouts are preventing the market from fluctuating, my mail box is stuffed with visa applications not normal after a major economic downturn. do not buy a house or car we are about to step off the reef.

[sholden]

Originally Posted by ordinar

I think he is a real estate agent and distorts the data. One should look at the year to year change (YOY). Prices are down 10% since last year and hopefully this pattern will continue as long as it takes to have affordable housing.

NY Metro Case Shiller


Date NY Metro YoY Change
Jan-09 180.93 -9.73%
Feb-09 177.84 -10.31%
Mar-09 173.59 -11.66%
Apr-09 170.67 -12.36%
May-09 170.97 -11.97%
Jun-09 172.22 -11.56%
Jul-09 173.66 -10.35%

At least the rate of decline is trending the way current owners want.

Though the FHA and the FDIC are both starting to notice they are about to go bankrupt, which could throw a couple of small spanners in the works.

[ordinar]

Originally Posted by sholden

Though the FHA and the FDIC are both starting to notice they are about to go bankrupt, which could throw a couple of small spanners in the works.

The Fed buys all mortgages and all mortgages are issued by FHA.
What a great scheme for supporting their overpriced houses and derivatives!!

100% - Federal Reserve Buys More Than 100% of Mortgages Issued in 2009 - Sep. 28, 2009 | Blogs at Chris Martenson - 100%, Chris Martenson's Blog, Federal Reserve, mortgages

[Delphi]

Originally Posted by sholden

At least the rate of decline is trending the way current owners want.

Though the FHA and the FDIC are both starting to notice they are about to go bankrupt, which could throw a couple of small spanners in the works.

The FHA makes Countrywide Financial look prudent.

FHA Cash Reserve Running Out - WSJ.com

[Delphi]

Originally Posted by MoorestownResident

Home prices rise for 3rd month in row, S&P says - MarketWatch

We will see how 2009 ends. Spring and Summer are always uptick months.

Just let the homebuyer tax credit die - The Big Money- msnbc.com

[ordinar]

Originally Posted by Delphi

We will see how 2009 ends. Spring and Summer are always uptick months.

Just let the homebuyer tax credit die - The Big Money- msnbc.com

The next two months might be uptick as well due to the tax credit.