I stopped in a local antique shop over the weekend. The owner is retiring and trying to clear out as much as she can before they close the doors so I paid a mere $3 for the Life magazine above. I think it might be worth many multiples of that price for investors who think our situation today is somehow [...]
The S&P/Case-Shiller 20-city home price index declined for the second month in a row in October, matching indications elsewhere that the slight rebound from the depths of last winter may be over. The Y/Y growth rate was the lowest since October 2012 as clearly price momentum has been lost. The upward movement in the index this year is by far [...]
House price data from S&P Case Shiller for May 2013 was about what we have come to expect. There were sharp year-over-year increases in the usual bubbly markets, prompting Robert Shiller to note, “the cities that have bubbled in the past are bubbling again.” As with much of 2013, the “top” seven cities were all up over 15% Y/Y, with [...]
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