Heterodox
House prices stabilize (or even increase!) for existing homes, while prices have been slashed for new homes. What’s going on? – by New Deal democrat Both the Case Shiller and FHFA housing price indexes were reported this morning through May. To quote each in turn: “The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a -0.5% annual decrease in May, down from a loss of...
Read More »House prices stabilize (or even increase!) for existing homes, while prices have been slashed for new homes. What’s going on?
