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