by Calculated Risk on 8/26/2022 03:12:00 PM
Today, in the Calculated Risk Real Estate Newsletter: Black Knight: Median House Prices Declined in July; First Decline in 32 Months
A brief excerpt:
Also, the median price is distorted by the mix of homes sold. The repeat sales indexes – like Case-Shiller and FHFA – are better measures of house price movements, but median prices can be a leading indicator of price changes.
…From Andy Walden at Black Knight: Something Had to Give: Home Prices Down for First Time In 32 Months
The median home price fell by 0.77% in July, the largest single-month drop since January 2011. On a seasonally adjusted basis, July’s dip ranked among the 10 largest monthly declines on record, dating back more than 30 years.
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