Standard & Poor’s reported(.pdf) that
U.S. home price gains have slowed dramatically in recent months and, on
a seasonally adjusted basis, home prices have now declined for the
first time in two-and-a-half years as shown below.
As the the non-seasonally adjusted data and
the year-over-year data in this report traditionally receive more
attention than the adjusted data, few news headlines are indicating
(gasp!) U.S. home price declines, but that may soon change.
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