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Housing: Even the Eeyore Index shows price gains

Posted on 27 June 2012

Freshly released numbers from a housing index shows rising home prices in America’s biggest cities. That’s a good sign for all of America. The National Association of Realtors, for example, is considered an industry cheerleader and too optimistic.
By contrast, the most closely watched data set, the S&P/Case-Shiller Home Price Index, is often considered too lagging. For example, last month there was a ton of positive real estate news, but Case-Shiller still came in fairly bleak. The FHFA house price index, for example, a Federal government-generated number, was up 2.7% last month, year-over-year, while Case-Shiller was down 2.6%………………………………………..Full Article: Source

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