Heterodox
– by New Deal democrat As I noted again yesterday, house prices lag home sales, which in turn lag mortgage rates. Yesterday we got the final February reading on sales. This morning we got the final January read on prices, for repeat sales of existing homes. Last week’s report on existing home sales showed a sharp increase in February, a repeat of the seasonally adjusted sharp increase last February, which was almost completely taken back over...
Read More »Repeat home sales price declined slightly in January; expect deceleration in the CPI measures of shelter to continue
