This is a heathy housing market, NOT!
This from Standard & Poor’s Case-Shiller Home Price Indices, the leading measure of U.S. home prices.
Once again, the indices have set new records, with annual declines of 17.7% and 16.6%, respectively. However, the acceleration in decline was only moderate in August. The July data reported annual declines of 17.5% and 16.3%, respectively.
Taken from MISH’S
Global Economic
Trend Analysis
