Home prices are rising according to the S&P/Case-Shiller Home Price Index. The index is a repeat-sales index, which has the advantage of tracking the price change for similar assets sold over time (and the disadvantage of overweighting houses that are sold frequently and omitting unmeasured changes in house quality). Note that the release advertizes that the price decline during the 12 months leading up to May is less negative than that in the 12 months leading up to April (and the same for April relative to March). This means the monthly changes are less negative than a year ago – in fact they are positive. House prices are increasing in most major cities (the exceptions are lead by Las Vegas, and include Los Angeles, Miami and Phoenix).
- RT @GrupoGuayacan: Professor @yaelhochberg talks about creating a risk capital industry and the role of different sectors in the ecosystem.… 10 hours ago
- RT @themadstone: The only winner tonight is the Voyager probe, which is speeding away from the Earth at 17 kilometers/second #debatenight 3 days ago
- AIG amusing diversions bailout bank regulation Bernanke CDS derivatives Dodd-Frank Act Euro Debt Crisis FDIC Fed Finance & the Public Interest financial crisis Financial Crisis Inquiry Commission financial reform Goldman Sachs GSEs Lehman Brothers MBS mortgages pensions public finance recession regulation SEC securitization TARP too big to fail Treasury Uncategorized