Our result for the first two months of our North American Housing Price Index is a drop of 1.36%. We've gotten a bit of month-to-month volatility, but hopefully that will smooth out as we go along.
We're noticing more properties coming to market in some locales. It will be telling to see if the market can absorb the supply, or if it will have - as we expect - a depressing effect on prices.
Tune in next month for our update.
Thursday, July 16, 2009
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