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thoughts on markets & cetera – christopher carolan

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Case Shiller Housing Index

September 30th, 2008 at 11:36am · 3 Comments

The latest Case Shiller housing numbers are out, updated through July 2008. The numbers continue to improve slightly, at least the rate of housing price declines is slowing. It’s interesting to see Tampa, one of the hardest hit markets, show no change in prices in the latest reading. And you’d never guess from Charlotte’s consistent position as the least effected housing market that it’s a center for banking and finance. The monthly readings provided by Case Shiller are a smoothed three month moving average.

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Tags: Real Estate

3 responses so far ↓

  • 1 drmark // Sep 30, 2008 at 12:44 pm

    Chris, looks like another great turn!! Awesome work!! I am really looking forward to your next special report; looks like we are close to a nice daily MACD divergence forming on the euro.

  • 2 AC // Sep 30, 2008 at 2:21 pm

    Chris

    Would like to congratulate you on your steller performance since returning to market analysis. It’s been an amazing run of big calls.

    If there’s time + space in the special report would be interested in your view of gold from a non-US investor point of view.

    Could we get a hyperinflation in the US and yet a deflation in Europe or other markets.

    I don’t believe the economic patches will work but still torn between whether to move to cash or gold under the mattress. It’s the big call of the decade.

  • 3 muellerjoerg // Sep 30, 2008 at 2:27 pm

    Chris,

    I think you were almost too modest about the SC turn date. It turned out more right than you thought, I guess. Although if there’e one thing I learned is to be humble with Mr. Market. Thank you for your coninued coverage.

    Regarding the C/S index it almost seems to me that with the -rather important- SC turn date in mid-March 08 the rate of decline in the C/S index may have topped out. Ever since then, the declines decline, if you want. Not sure if this will continue. However, if it does we may see the RE market as per C/S go flat next April. I think there is also going to be a SC turn date around mid-April 2009.
    Joe

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