not see that the ONLY cities that are doing better this year are Detroit and Washington DC.
Now, what does THAT tell U.S. about the state of housing!
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Then compare this first CR chart with the 1st one in the next post, from the LATimes.
What that shows U.S. is that ONLY Phoenix went up this month.
Well, actually, since CS is delayed and 3 months, tis last quarter.
While this does suggest that AZ has, finally, bottomed out.
There is a slight problem with The Numbers.
What IS clear is that "all cash investors" are not buying in Phoenix...
possibly bcuz they can get better deals now in Loss Vegas.
What is NOT clear is that "normal" buyer/sales are in fact increasing.
The "averages" yes, but are they actually paying more?
That is NOT clear, yet.
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| Case Shiller October 2011 | Seasonally Adjusted | Not Seasonally Adjusted | ||
|---|---|---|---|---|
| YoY Change | One Month Change | YoY Change | One Month Change | |
| Composite 10 | -3.0% | -0.5% | -3.0% | -1.1% |
| Composite 20 | -3.4% | -0.6% | -3.4% | -1.2% |
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Case Shiller: House Prices fall to new post-bubble lows in October
http://www.calculatedriskblog.com/2011/12/case-shiller-house-prices-fall-to-new.html
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