Sometimes I mention “suspicious data” on the way to blowing up the source or the analysis, but this time the sources are all okay and point in a similar direction: The U.S. housing recovery has slipped. One way to explain the housing pattern: Sales are suppressed in localities with good economies because of limited inventory.
- Fannie Mae, Seeking Alpha and First American Financial Corp. recently released data indicating that the housing market is slipping.
- The FHFA, Black Knight and ECRI show the market as stable -- not improving, but not slipping.
- Housing stats have been on a stable up-slope for years, but this evident flattening wobble bears careful watching.
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