Is the Fed trying to take some air out of the Housing market?Double digit gains over the past year might have their attention:
• Average home prices increased 11.6% and 12.1% for the 10- and 20-City Composites in the 12 months ending in April 2013.
• From March to April, the 10- and 20-City Composites rose 2.6% and 2.5% respectively
• The 10- and 20-City Composites posted their highest monthly gains in the history of S&P/Case-Shiller Home Price Indices
• All 20 cities and both Composites showed positive year-over-year returns for at least the fourth consecutive month.
• On a monthly basis, all cities with the exception of Detroit posted positive change.
• As of April 2013, average home prices across the United States are back to their early 2004 levels for both the 10-City and 20-City Composites.
• Measured from their June/July 2006 peaks, the peak-to-current decline for both Composites is approximately 26-27%.
• The recovery from the March 2012 lows is 13.1% and 13.6%, respectively.
The latest results of the Case-Shiller Home Price data through April 2013:
S&P Dow Jones Indices, June 25, 2013
Category: Real Estate
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.