Today, in the Calculated Risk Real Estate Newsletter: Median vs Repeat Sales Index House Prices
Excerpt:
Back in October, I wrote The Coming Deceleration in House Price Growth. In that post, I noted that the median prices (as reported by the National Association of Realtors® (NAR) was showing a slowdown in year-over-year (YoY) house price growth.
In October … the YoY growth in median prices started falling – and I expected Case-Shiller to follow.
Sure enough, the YoY growth in the Case-Shiller has shown deceleration.
…
The Case-Shiller index will probably show slower YoY growth over the next couple of reports, however median prices have picked up over the last two months – so there isn’t evidence of a sharp decline in the YOY growth.
emphasis added
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