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Us House Prices June-July - Decline Was Worse Than Originally Reported

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But but but it was over, right?

WASHINGTON, DC – U.S. house prices fell 0.5 percent on a seasonally adjusted basis from June to July, according to the Federal Housing Finance Agency’s monthly House Price Index. The previously reported 0.3 percent decline in June was revised to a 1.2 percent decline. The unusually large revision mainly reflects the addition of new data from late June that show considerably weaker prices than earlier in the month.

Got that?

The data from June was literally made up for the end of the month.

And the "revised" numbers are four times the decline originally reported.

So no, folks, housing has not stabilized. At all.

Oh, and they claim that the "Pacific" states showed increases. Oooook. Of course they also claimed that last month the Pacific states showed a 3.8% decline, which was massively outsized compared to the rest of the nation, calling into question whether this data is too noisy (or manipulated) to trust.

Pretty nasty report overall.......

Thank god it's all contained.

Can anyone trust any statistics coming out? Clearly the suspicion is they are reporting good numbers at first and then revealing the truth when no one is listening or caring?

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  • 429 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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