Wednesday, October 31, 2012

Housing Rebound Continues

Consider the following charts from the latest Case Shiller release:

The year over year percentage change in prices -- which had been stable at slightly about a 4% decline - has rebounded and is now positive.  Moreover:

When we look at the month over month and year over year percentage changes, we see only 4 declines.  Also note that previous crash markets such as Las Vegas, Miami and Phoenix are seeing strong increases.