The above is from the latest Case Shiller home price index. Notice the area in the black square. Note particularly that is has been around this level for the last two years or so. Finally, notice that prices have been in a fairly tight range for this period.
There's been an awful lot of talk/hype/pixels spilled lately regarding home prices. The above chart tells us that home prices have been fairly stable for the last two years. In fact, as NDD has pointed out, home prices may be far closer to stabilizing than previous thought.
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.