Two out of Three Ain’t Bad

Sorry for the Meatloaf reference…

Anyway, here’s an economist who finds it interesting that the CoreLogic and FHFA home price indexes both show year-over-year increases nationwide, but the benchmark Case-Shiller isn’t there yet. He expects that to change when they report July numbers (don’t look for it for some weeks yet).

Remember: Case-Shiller uses a 3 month weighted moving average. That does make it a lagging indicator.

Update! Case-Shiller numbers came out Tuesday. Whether it went up or down depends how you look at them.

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