Coldwell Banker Premier Realty

Case-Shiller Rear View Mirror

Today's release reflects January, not exactly what we are seeing in real time
Posted by John McClelland on March 27, 2012 in  Case Shiller  home price indices
Today the Case-Shiller numbers were released and in Las Vegas, as most cities, prices registered a decline. However, as one can see from the tiered indices below, those declines have recently been moderating. Since these figures reflect January, these numbers are likely to depart from what is being estabished now. Inventories, which are largely being held back artificially and because of legal and proceedural rigidities, are at extreme lows unseen since the boom days. As a result, multiple offers are the norm, not ... read more
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