Housing prices continue their long fall

Just in case anyone had any illusions about a housing recovery or any improvement due to housing policies, please see the graph below. This is all publically available data from the Federal Reserve. The shadow inventory of homes that exist on the market will also impact these figures, but as there is no reliable source of information to go on, while it will continue to suppress pricing, its magnitude is difficult to measure.  Under and unemployment are also major factors impacting home prices. What is not conjecture is that across the US, the price of homes is still declining both as a percentage change and in absolute dollars.  No further discussion is necessary.  (Read Full Post)

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