On a ‘real’ or inflation-adjusted basis, home prices FELL in 146 out of 403 markets (36%) compared to the previous quarter.
Here’s the new list of cities
I see a few local markets from red hot states like Washington, Oregon and Florida making their way on to this list for the first time in years.
It could portend a change in the air.
Quarterly data tends to bounce around a bit (compared to Annual), so we’ll see if these early indicators are the beginning of a new trend.
http://housingalerts.org/c/s/10/6VEw1*6/hYr/i8e/61JK8a/skprTsuPk4/P/PWarm regards,
Ken Wade
HousingAlerts.com
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