In May of this year I realized I had no analysis that would pinpoint when the local housing market (or at least the 19 zip codes I concentrate on) began to show improvement. So I created a new chart that tracks the average of the weighted averages of the number of months inventory in each zip code. I have watched it since May and debuted it last week. You can see it here.
Last week the Wall Street Journal featured an article by James Stewart of SmartMoney who noted that the last S&P/Case-Shiller U.S. National Home Price index of real-estate values increased this past quarter over the first quarter of 2009, the first quarter-on-quarter increase in three years. I think Case-Shiller is the most reliable of the statistics because it compares sales of the same house over time. Stewart also advises that he cannot imagine a better time to buy than now. You can read his article here.
