There is a lot of "excitement" regarding the upward movement of the graph. Notice this is the first upward move in quite sometime. And -- most importantly -- it's only one month. As a result it's important to not get carried away. It's good news, but it is only one data point in a long series of data that move in the other direction. In addition consider this chart:
Click for a larger image.
I encircled the cities that had a 10% or less year over year price decline. Notice there aren't that many of them. That's an important point here. When that number is larger -- say 10 -- then I'll get excited.
I'm on Linked In and Twitter (@captivelawyer). Silver Oz's Linked In name is @silver_oz. NDD is a fossil and may be reached by etching a picture in stone on the wall of a cave.
The Bonddad Economic History Project
At the beginning of 2012, I decided to start looking at the actual, statistical history of the US economy starting in 1950. The reason is simple: to find out what really happened. So, when you see title of a post that begins with a year such as 1957, followed by "employment" or "Fed policy: you know what it's for. You can also access the information by typing in BE for Bonddad econ and a year to find information on a particular year.
Here is a link to pages that contain links to all the posts on the years listed.