Are Homes now "Cheap"?

First, from Brett Arends in the WSJ on May 6, 2008: Is Housing Slump at a Bottom?

Wellesley College Prof. Karl E. Case, one of the leading experts on the housing market in the country … suggests we may be at,…

LoanPerformance: House Prices Fall 0.7% in October

The Fed’s favorite house price indicator from First American CoreLogic’s LoanPerformance …

From LoanPerformance: Annual Home Prices Continue to Depreciate

On a month-over-month basis … national home prices declined by -0.7 percent in October 2009 compared to September 2009.

“We are continuing to…

Seasonality of Home Prices

To highlight the seasonality of housing and its impact on pricing where the spring is the busiest of the year, the S&P/Case Shiller Index, which does not seasonally adjust its m/o/m pricing, has shown its best performance in Q2 in…