Comments on: America’s healthily idiosyncratic housing market http://blogs.reuters.com/felix-salmon/2013/05/28/americas-healthily-idiosyncratic-housing-market/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: krimsonpage http://blogs.reuters.com/felix-salmon/2013/05/28/americas-healthily-idiosyncratic-housing-market/comment-page-1/#comment-47141 Wed, 29 May 2013 16:08:41 +0000 http://blogs.reuters.com/felix-salmon/?p=21877#comment-47141 So this time is different. Just like the last time, of course.

At least this time the Fed Chairman is not an ideologically hell-bent liar. This Chairman is not about propping up useless equities…..oh no.

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By: Ryback http://blogs.reuters.com/felix-salmon/2013/05/28/americas-healthily-idiosyncratic-housing-market/comment-page-1/#comment-47137 Tue, 28 May 2013 20:48:06 +0000 http://blogs.reuters.com/felix-salmon/?p=21877#comment-47137 It’s also worth looking at the “Sales Pair Counts” data that get released alongside the Case-Shiller home price indices. Here’s a graph of the 10 city composite:

In the 12 months ending March 2013, C-S reports 973 thousand transaction pairs, down 47% from an annual total of 1.82 million transaction pairs as of Jan 2006.

The decline is even bigger within certain MSAs. For example, despite all of the talk about Phoenix housing coming back with a vengeance, C-S still observes a 60% decline in transactions from peak to current.

Granted, I believe some of these numbers get revised up as more data comes in, it is notoriously difficult to track repeat sales, but even so, despite all the talk of booming home sales, we are still below the pairs counts from Jan 2000 in most of the MSAs…

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