Keep the Information Flowing
Small contributions go a long way. Your donation to Consumer Action, a 501 (c)(3) nonprofit, nonpartisan organization, can help us cover the cost of research, writing, and translation of our materials. To keep our services free for those who need them. Select an amount to give.
Released: October 31, 2011
Making sense of home price data
Source: Annamaria Andriotis, SmartMoney.com
The S&P/Case Shiller Home Price Indices reported last week that for the three months ending in August, home prices increased by 0.2% compared to July. Meanwhile, the Federal Housing Finance Agency, a government housing regulator, announced that home prices dropped 0.1% in August. And data from the National Association of Realtors on August sales now shows that the median sales price of existing homes was about flat in August compared to July. Yes, the differences are small, and it’s been the case for years that each group’s data differs even within the same metro area. But experts say that with the housing market facing the possibility of a double dip, sellers and buyers are more baffled than ever by these discrepancies. “For the average buyer, it’s absolutely confusing,” says Leonard Baron, principal at LPB Services, a real estate consulting firm in San Diego, Calif.
Read Full Article: Making sense of home price data
Quick Menu
Support Consumer Action
Join Our Email List
Press Menu
Consumer Help Desk
- Help Desk
- Submit Your Complaints
- Frequently Asked Questions
- Links to Consumer Resources
- Consumer Service Guide (CSG)
- Alerts
- Consumer Booknotes