CHART OF THE DAY: Home Prices Are Now Back To 2003 Levels

CHART OF THE DAY: Home Prices Are Now Back To 2003 Levels

Case-Shiller House Price Index

 

First the good news:

Today’s Case-Shiller House Price index came in slightly better than expectations (falling 3.78% year over year vs. an expected decline of 3.8%),

The bad news: based on how parabolic functions work in the markets, the housing market has not yet reached its bottom.

 

Comments are closed.