“US house prices have been falling for six months

Look at the full details of the S&P/Case-Shiller index and they’re nowhere near as reassuring. March actually saw a 0.5% dip in prices. Also, on a non-seasonally adjusted basis – i.e. on the real figures – US house prices have been in retreat for the past six months…”

via The housing rot is still eating the US economy from the inside – MoneyWeek.