Excerpt:
S&P/Case-Shiller released the monthly Home Price Indices for September (”September” is a 3-month average of July, August and September closing prices). July closing prices include some contracts signed in May, so there is a significant lag to this data. Here is a graph of the month-over-month (MoM) change in the Case-Shiller National Index Seasonally Adjusted (SA).There is much more in the article.
This is the 2nd consecutive month with a slight MoM increase seasonally adjusted.
