The data continues to slow

According to the S&P/CaseShiller home price index, home prices have officially double dipped, falling to the lowest level in 8 years. Prices fell .23% m/o/m and 3.6% y/o/y in the 20 city composite. Washington, DC is the only city to see a y/o/y gain for reasons obvious. The y/o/y declines were led by Minneapolis, Phoenix, [...]

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