A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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The Case Shiller housing price index was released this morning and, as usual, it’s getting lots of media attention. I have no problem with that, except for one minor detail. It is a worthless and misleading indicator of current housing market conditions. Back in 2010 I wrote a public article called The Trouble With...
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Professor Robert Shiller, one of the founders of the Case Shiller Index has made recent headlines by stating rather calmly that home prices will likely fall another 10 to 25 percent in the upcoming years. Of course, this can happen either through a...
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The S&P/Case Shiller Home Price Indices reported Tuesday are, as usual, so far behind the curve that not only did they miss the “double dip” that has come and gone, it will be at least July or August before it reports an apparent upturn in prices in March and April. S&P’s view of the...
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When it comes to home values, Minneapolis has apparently surpassed even Detroit as the nation's economic basket case.
The Minneapolis area had the worst one-month drop in the resale price of homes (seasonally unadjusted) from December to January of ...
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So much for "Buy a House...Then Buy Another".....
The single biggest problem in the U.S. real estate market is simple: There are very few homebuyers.
That seems obvious, but the “buyers’ strike” has caused house prices to drop, along with an ...
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A hidden catastrophe is unfolding in the US housing market. Mainstream media outlets are not telling the story because they are focused on misleading data like the just released Case Shiller Index which showed only a small decline in September. In reality, real time market data indicates that the housing market is undergoing a...
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The holy grail of housing market pundits, the Case Shiller Index, reported a 1% month to month gain for the month of July, which is possibly the most misleading this index has ever been. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty...
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The mainstream media wasted hours reporting on and analyzing the Case Shiller Housing Index today. Did even one pundit mention what’s wrong with the Case Shiller data? If Dow Jones used the methodology to report the Dow Industrials that Standard and Poors uses to construct the Case Shiller Index (CSI) the Dow would be...
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The Case Shiller Index of US housing prices for November has essentially turned flat over the past two readings. As usual, it is understating the real weakness in the market. Meanwhile the Fed announced that it will tinker with how it sets interest rates. Recent history has shown, the more the Fed tinkers, the...
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I made a little chart yesterday for a free podcast that I didn’t have time to post over on Radio Free Wall Street. I’m discovering that it’s a lot quicker to type a post than it is to talk about an issue for a few minutes and then produce a decent sounding podcast. But...
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