Comments on: Case-Shiller ekes out gain despite decline in 12 of 20 markets http://www.creditwritedowns.com/2009/12/case-shiller-ekes-out-gain-despite-decline-in-12-of-20-markets.html Finance, Economics and Markets Fri, 10 Feb 2012 00:37:00 +0000 hourly 1 By: ozajh http://www.creditwritedowns.com/2009/12/case-shiller-ekes-out-gain-despite-decline-in-12-of-20-markets.html#comment-57920 ozajh Fri, 01 Jan 2010 11:48:00 +0000 http://www.creditwritedowns.com/2009/12/case-shiller-ekes-out-gain-despite-decline-in-12-of-20-markets.html#comment-57920 On another blog it has been noted that the Case-Shiller index uses a rolling 3-month window, so 'October 2009' could more accurately be described as 'August-October 2009'. It is entirely possible that the pure monthly numbers peaked in September (or August), and that the next few months will show small declines. As you point out, seasonal factors may come into play. IMHO the REAL test for the RRE 'recovery' will come next March . . . On another blog it has been noted that the Case-Shiller index uses a rolling 3-month window, so ‘October 2009′ could more accurately be described as ‘August-October 2009′.

It is entirely possible that the pure monthly numbers peaked in September (or August), and that the next few months will show small declines. As you point out, seasonal factors may come into play.

IMHO the REAL test for the RRE ‘recovery’ will come next March . . .

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