Housing prices head higher as selling season heats up(Read article summary)
New data for April housing market shows prices declined by 1.17 percent, year-over-year from last April, but are now headed higher as is typical of the more active spring-to-summer selling climate.
As I have noted in the past, since the home price index data provided by Radar Logic is more timely, unadjusted and un-smoothed it is particularly useful for gaining deeper visibility over our housing markets.
As for the latest trends, it’s important to note that the 25-MSA Composite is showing significant year-over-year declines while prices continue to bounce from the lows set in late-January.
The latest data shows that as of early-April, prices have declined 1.17% below the level seen in April 2011 continuing the pattern of past years with prices now heading higher as the data moves into the typically more active spring selling season.