- Financial Survival Network
- Posts
- The Most Splendid Housing Bubbles in America, August Update: 4th YoY Price Drop Overall, 10 of 20 Cities with YoY Drops. Month-to-Month, Selling Season Begins to Fade
The Most Splendid Housing Bubbles in America, August Update: 4th YoY Price Drop Overall, 10 of 20 Cities with YoY Drops. Month-to-Month, Selling Season Begins to Fade
by Wolf Richter Wolf Street
Year-over-year price drops in San Francisco, Seattle, Las Vegas, Phoenix, Denver, Portland, Dallas, San Diego, Los Angeles, and Tampa suddenly.
Today’s S&P CoreLogic Case-Shiller Home Price Index for “June” is a three-month moving average of home prices whose sales were entered into public records in April, May, and June, and it still shows the seasonal effects of spring selling season, when prices typically rise on a month-to-month basis, but the effects began to fade, and the index rose month-to-month at a much slower rate (+0.9%) than in the prior three months of spring selling season (+1.5% to +1.7%).