#HousingSlowdown: Is This the Nastiest Chart of the Year?

Takeaway: We’ve been hitting on the #HousingSlowdown trend since Q1, and here’s another piece of evidence that confirms our view.

#HousingSlowdown: Is This the Nastiest Chart of the Year? - house keys and money

 

Core to our US #HousingSlowdown Macro Theme for Q2 2014 is the rate of change (slope of the line) going negative on US Home Prices.

 

This isn’t the weather.

 

And it’s happening with rates falling, which makes it all the worse.

 

#HousingSlowdown: Is This the Nastiest Chart of the Year? - chart1

 

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