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House prices still in downtrend [ClearOnMoney]
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House prices still in downtrend

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Commentary

House prices still in downtrend

28 Dec 2011 by Jim Fickett.

Yesterday S&P released, through October, the Case-Shiller house price index, including the 20-city, seasonally-adjusted version that I follow. In 16 of the last 17 months, including the latest, the month-to-month change was down.

The closely correlated home inventory data suggests that this trend could possibly change. Whether or not prices bottom, however, the inventory data strongly suggest that no housing bull market is around the corner.