Part 2: Current State of the Housing Market; Overview for mid-May

Yesterday, in Part 1: Current State of the Housing Market; Overview for mid-April I reviewed home inventory and sales, and mortgage delinquencies.

House Prices

Reported YoY house price growth is still positive, but the Case-Shiller National Index slowed to 2.0% YoY in February.

The MoM increase in the seasonally adjusted Case-Shiller National Index was a…