This comes from Calculated Risk:Earlier today I mentioned that the Fed started using First American CoreLogic's LoanPerformance House Price Index last year for the Flow of Funds report.
And also that LoanPerformance announced today that house prices fell 0.7% in October.
Since most people have been following Case-Shiller, here is a graph of the LoanPerformance index (with and without foreclosures) and the Case-Shiller Composite 20 index.
The LoanPerformance HPI with foreclosures is the red line,
the LoanPerformance HPI without foreclosures is the blue line, and
the Case-Shiller 20-city index is the green line. (The Case-Shiller index includes foreclosures.) Notice that both LoanPerformance indices show falling prices again, while the Case-Shiller index is showing slowing price increases. Click on the graph to see the full-sized version.
Consider this a Christmas present for bubbleheads.
Consider this a Christmas present for bubbleheads.
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you can hum the tune to the lyrics:
ReplyDeleteHallelujah hallelujah hallelujah hallelujah Hall-e-lu-jah !!
If I interpret this correctly..the CS composite right now is at 145? And was 139 just a few months back???
ReplyDeleteAnd now it's going on a downturn?
But but but but but....partisan said it's going to go to 160 and stay there!
Hurry partisan....better buy everything you can soon!!! You'll be priced out forever!
"But but but but but....partisan said it's going to go to 160"
ReplyDeleteNoz - I think Partisan is following the DC index (currently at 180) which he says is going to 160.
Noz - I think Partisan is following the DC index (currently at 180) which he says is going to 160.
ReplyDeleteNot surprising Noz screwed this up as he is fighting multiple fronts not just here but with "the righteous King county shills" in Seattle, and other similar areas that are far from LA and that he has no idea what he is talking about. Stands to reason he will confuse what halfcocked argument he made here versus one he made on another site.
The real question is why Partisan and others who do have an idea what is happening here locally choose to respond to his flame baits.
Its funny to see all the fighting and arguing, when the fact is....prices will decline probably another 10 years or so. How long are you guys going to fight about this?
ReplyDelete