Highlights:
- Case Shiller data showed the first annual increase in June while other data series show a continued 4 to 5 months of annual increases.
- NAR data for July show the typical end of summer slowdown as prices dipped somewhat from June.
- New home prices continue to fluctuate greatly due to low levels of construction and purchase activity; presently new home prices show some weakness.
-
Distressed sales, which hold back existing home prices,… Read More