Home Price Data
It is amazing how you can play around with numbers. You could view today’s Case-Shiller Index release as good or bad.
CNN reported that “Prices in the S&P Case-Shiller Home Price index of 20 cities rose a non-seasonally adjusted 1.2% in August. It was the fourth consecutive monthly increase and followed a 1.6% gain in July. Prices were down 11.3% versus August 2008, but that drop was less severe than expected. Analysts surveyed by Briefing.com had forecast an 11.9% year-over-year drop.”
Whether prices are increasing or decreasing month over month or year over year, it all depends on where you live. In South Florida, things seem to be stabilizing with all of the first-time homebuyers, cash offers, and bidding wars going on.