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Breaking news?

Think this is breaking news about US housing prices?

Data through March 2010, released today by Standard & Poor’s for its S&P/Case-Shiller Home Price Indice show that the U.S. National Home Price Index fell 3.2% in the first quarter of 2010, but remains above its year-earlier level.

We don’t. Active prices have been moving lower for months and absorbed prices moved sharply lower in January…

Altos 20-City Composite Values vs. S&P/Case-Shiller 20-City Index

…while inventory and price reductions are moving higher:

Altos 20-City Composite: Inventory and Price Reductions

Altos 20-City Inventory and Price Reductions


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