Rosenberg: Don't Believe The Fishy Case-Shiller Numbers, Home Prices Are STILL Falling

Rosenberg Homes Feb26

Think the government will start divesting illiquid mortgages?

It seems unlikely with home prices still falling.

Breakfast With Dave: We had mentioned yesterday that there was something fishy about the seasonal adjustment in that Case-Shiller home price index for January — especially since LoanPerformance flagged a price decline. The Federal Housing Finance Agency (FHFA) index just came out and showed a whopper of a slide, falling 1.6% — steepest decline since November 2008 — and the data is seasonally adjusted.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.