Yesterday’s Case-Shiller 20 city home price index and the FHFA purchase-only home price index showed an economy that has generally recovered, at least when it comes to the housing market. According to the Case-Shiller 20 city home price index, home prices were up 13% compared to March 2012, while based upon the FHFA purchase-only home price index, home prices were up about 7%. The difference in the two indices’ price measures is irrelevant at this point. What matters is the trend. Trends in the housing market When looking at the year over year growth, the trend for both appears to…
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