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Home Price Chartfest
Piggington -

Kelly Bennett has written extensively on the latest release of the Case-Shiller home price index, so I'm just going to throw a couple extra charts into the mix. OK, and one comment (I just can't help myself).

I'll begin with the charts. First, here is a table showing the last time the Case-Shiller index value for each price tier was lower than September's level. The right-hand column is the same thing but with prices adjusted to remove the effects of inflation.

continue reading at voiceofsandiego.org

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11/28/2008 7:58:11 PM
Guest Commentary: A Festive Thanksgiving Message from Ramsey
Piggington -

The following is a typically cheery email sent by FOP (Friend Of Piggington), occasional guest poster, dim sum comrade at arms, and foreclosure guru Ramsey Su. Ramsey's previous guest commentary can be found by poking around here.

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If you only have time to look at one set of data to figure out the status of the real estate market, there is no doubt that I would choose the monthly Hope Now reports.

Unfortunately, this is the official press release which grossly distorts the valuable data and timely data Hope Now collects: http://www.hopenow.com/upload/press_rele...

The meat is here: http://www.hopenow.com/upload/data/files...

Here is an example of how valuable this data is. I call this the PUF indicator – PENT UP FORECLOSURES.

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11/27/2008 1:58:26 AM
Employment Situation Worsens (But Still Better Than the Worst of the 1990s)
Piggington -

Over at voiceofsandiego.org I put up an article about the October employment figures with the typical chart plus a comparison with the 1990s recession. For the chart-happy, additional charts can be found below.

This one is the same as the chart at Voice except in percent terms instead of job terms.

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11/25/2008 1:32:10 AM
Site Maintenance
Piggington -

The site is undergoing a migration to a new server and will be in "read only" mode while the process is underway to ensure no data is lost. The site may at some point go down altogether as I use the opportunity to make some software upgrades. Thanks for your patience.

Update: OK, we're back online... details after the jump for those interested.

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11/21/2008 4:27:24 PM
Cheap Homes Selling Fast, Expensive Homes Not
Piggington -

Home sales have increased dramatically in recent months, but that brisk activity is far from uniform. While cheap homes are positively flying off the shelves, sales have actually slowed in many of the more expensive markets.

continue reading at voiceofsandieog.org

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11/21/2008 5:22:34 AM
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