Case Shiller Feb ’08 numbers out – Piggington's Econo-Almanac

This topic has 45 replies, 7 voices, and was last updated 16 years, 7 months ago by cr.

Viewing 15 posts - 1 through 15 (of 46 total)

1 2 3 4 →

Author

Posts
April 29, 2008 at 8:45 AM #12592

Fearful
Participant

After a teeny wiggle in January, the indices resumed their month over month declines:

(Low Med High Aggregate, nominal)
-4.1% -3.9% -2.7% -3.6%

Year over year declines:
-27% -20% -12% -19%

April 29, 2008 at 8:52 AM #196041

gdcox
Participant

Decline from peak is more important than since year ago. Can you put them up Fearful

April 29, 2008 at 8:52 AM #196159

gdcox
Participant

Decline from peak is more important than since year ago. Can you put them up Fearful

April 29, 2008 at 8:52 AM #196119

gdcox
Participant

Decline from peak is more important than since year ago. Can you put them up Fearful

April 29, 2008 at 8:52 AM #196097

gdcox
Participant

Decline from peak is more important than since year ago. Can you put them up Fearful

April 29, 2008 at 8:52 AM #196072

gdcox
Participant

Decline from peak is more important than since year ago. Can you put them up Fearful

April 29, 2008 at 9:07 AM #196077

Fearful
Participant

Sure thing. Nominal:

(L M H A)
-31% -26% -17% -24%

Deflated by US-CPI:
vs. peak
-36% -31% -22% -29%

YoY
-30% -24% -16% -22%

MoM
-4.4% -4.1% -3.0% -3.9%

The decline really took off beginning last August. I guess that should not be a surprise. I wonder what full year August numbers will show.

If you annualize the monthly declines, the numbers are truly awful.

Nominal:
-40% -38% -28% -36%

Real:
-42% -40% -31% -38%

April 29, 2008 at 9:07 AM #196046

Fearful
Participant

Sure thing. Nominal:

(L M H A)
-31% -26% -17% -24%

Deflated by US-CPI:
vs. peak
-36% -31% -22% -29%

YoY
-30% -24% -16% -22%

MoM
-4.4% -4.1% -3.0% -3.9%

The decline really took off beginning last August. I guess that should not be a surprise. I wonder what full year August numbers will show.

If you annualize the monthly declines, the numbers are truly awful.

Nominal:
-40% -38% -28% -36%

Real:
-42% -40% -31% -38%

April 29, 2008 at 9:07 AM #196104

Fearful
Participant

Sure thing. Nominal:

(L M H A)
-31% -26% -17% -24%

Deflated by US-CPI:
vs. peak
-36% -31% -22% -29%

YoY
-30% -24% -16% -22%

MoM
-4.4% -4.1% -3.0% -3.9%

The decline really took off beginning last August. I guess that should not be a surprise. I wonder what full year August numbers will show.

If you annualize the monthly declines, the numbers are truly awful.

Nominal:
-40% -38% -28% -36%

Real:
-42% -40% -31% -38%

April 29, 2008 at 9:07 AM #196163

Fearful
Participant

Sure thing. Nominal:

(L M H A)
-31% -26% -17% -24%

Deflated by US-CPI:
vs. peak
-36% -31% -22% -29%

YoY
-30% -24% -16% -22%

MoM
-4.4% -4.1% -3.0% -3.9%

The decline really took off beginning last August. I guess that should not be a surprise. I wonder what full year August numbers will show.

If you annualize the monthly declines, the numbers are truly awful.

Nominal:
-40% -38% -28% -36%

Real:
-42% -40% -31% -38%

April 29, 2008 at 9:07 AM #196123

Fearful
Participant

Sure thing. Nominal:

(L M H A)
-31% -26% -17% -24%

Deflated by US-CPI:
vs. peak
-36% -31% -22% -29%

YoY
-30% -24% -16% -22%

MoM
-4.4% -4.1% -3.0% -3.9%

The decline really took off beginning last August. I guess that should not be a surprise. I wonder what full year August numbers will show.

If you annualize the monthly declines, the numbers are truly awful.

Nominal:
-40% -38% -28% -36%

Real:
-42% -40% -31% -38%

April 29, 2008 at 9:26 AM #196082

Trojan4Life
Participant

Finally…some sanity

Please don’t take this as ill-will toward those who bought at the peak, as I very nearly was one who did and just couldn’t stomach the burden or crazy terms, but this is the best news for our economy that we could have gotten this week, in my opinion.

Now, bad news about the market certainly isn’t going to get people out there buying homes, nor is it going to stop the hemmorage in sales and pricing, but it is evidence that the free-market is doing what is should do, regardless of our government’s attempts to counter it.

I told my wife 3 years ago we were going to have to leave California if we ever wanted to buy a home in a “decent” neighborhood with good schools. That has now changed, and I can now afford what someone with my salary should be able to afford. I will not buy until next summer at the earliest because I still think the market is inflated 15-20%, but we’re definitely heading in the right direction.

Trojan4life

April 29, 2008 at 9:26 AM #196107

Trojan4Life
Participant

Finally…some sanity

Please don’t take this as ill-will toward those who bought at the peak, as I very nearly was one who did and just couldn’t stomach the burden or crazy terms, but this is the best news for our economy that we could have gotten this week, in my opinion.

Now, bad news about the market certainly isn’t going to get people out there buying homes, nor is it going to stop the hemmorage in sales and pricing, but it is evidence that the free-market is doing what is should do, regardless of our government’s attempts to counter it.

I told my wife 3 years ago we were going to have to leave California if we ever wanted to buy a home in a “decent” neighborhood with good schools. That has now changed, and I can now afford what someone with my salary should be able to afford. I will not buy until next summer at the earliest because I still think the market is inflated 15-20%, but we’re definitely heading in the right direction.

Trojan4life

April 29, 2008 at 9:26 AM #196051

Trojan4Life
Participant

Finally…some sanity

Please don’t take this as ill-will toward those who bought at the peak, as I very nearly was one who did and just couldn’t stomach the burden or crazy terms, but this is the best news for our economy that we could have gotten this week, in my opinion.

Now, bad news about the market certainly isn’t going to get people out there buying homes, nor is it going to stop the hemmorage in sales and pricing, but it is evidence that the free-market is doing what is should do, regardless of our government’s attempts to counter it.

I told my wife 3 years ago we were going to have to leave California if we ever wanted to buy a home in a “decent” neighborhood with good schools. That has now changed, and I can now afford what someone with my salary should be able to afford. I will not buy until next summer at the earliest because I still think the market is inflated 15-20%, but we’re definitely heading in the right direction.

Trojan4life

April 29, 2008 at 9:26 AM #196168

Trojan4Life
Participant

Finally…some sanity

Please don’t take this as ill-will toward those who bought at the peak, as I very nearly was one who did and just couldn’t stomach the burden or crazy terms, but this is the best news for our economy that we could have gotten this week, in my opinion.

Now, bad news about the market certainly isn’t going to get people out there buying homes, nor is it going to stop the hemmorage in sales and pricing, but it is evidence that the free-market is doing what is should do, regardless of our government’s attempts to counter it.

I told my wife 3 years ago we were going to have to leave California if we ever wanted to buy a home in a “decent” neighborhood with good schools. That has now changed, and I can now afford what someone with my salary should be able to afford. I will not buy until next summer at the earliest because I still think the market is inflated 15-20%, but we’re definitely heading in the right direction.

Trojan4life
Author

Posts

Viewing 15 posts - 1 through 15 (of 46 total)

1 2 3 4 →

You must be logged in to reply to this topic.