Case-Shiller Home Prices Rise At Slowest Pace In 8 Months As San Francisco Sales Slump
By Tyler Durden
April was not a good month for home prices – despite hopeful signs from seasonally adjusted sales data. S&P Case-Shiller 20-City index rose just 0.45% MoM (well below expectations and March’s 0.85% gain) – the weakest rise since Aug 2015. The broader Home Price Index hovered near unchanged for the 2nd month – the weakest since January 2012. Most worrisome, perhaps, is the 18.16% YoY plunge in San Francisco home sales… as perhaps the bubble is finally bursting.
20-City (Seasonally Adjusted) Index…
Broad (Seasonally-Adjusted) Home Price Index…
Source: Case-Shiller Home Prices Rise At Slowest Pace In 8 Months As San Francisco Sales Slump
Posted June 28th, 2016 in Uncategorized.
