The best way to predict the future is to invent it. – Alan Kay
Or just measure really quickly. – me
Sometimes I feel like we beat this dead horse too much. But I’m feeling particularly smug today so I’ll take another whack.
The dominoes are falling as the traditional HPIs are starting to recognize that housing prices aren’t falling through the floor this quarter. It was only a few weeks ago that S&P Case-Shiller announced their March data and the Double Dip headlines screamed. Today, Radar Logic released their RPX data for April and is the latest of the HPIs to tick up month over month. For your refresher, here’s how history unfolded.
|Source||Date of Inflection||Date Published|
|Altos 20-city Composite Price of New Listings (weekly)||January 14, 2011||January 17, 2011|
|Altos 20-city Composite Median Price (weekly)||February 4, 2011||February 7,2011|
|DISCERN Housing Market Analysis||February 7, 2011|
|Altos 20-city Composite Median Price (90 Day Rolling Avg)||March 25, 2011||March 28, 2011|
|Altos Catfish Recovery Webcast||June 1, 2011|
|CoreLogic HPI||April, 2011||June 1, 2011|
|FHFA national home price index||April, 2011||June 22, 2011|
|Radar Logic RPX||April, 2011||June 23, 2011|
|S&P Case Shiller 20 City Composite||April, 2011||June 28, 2011|
The greatest trades happen when you see the inflection points coming before the rest of the market. How’s your foresight?