The Home Value Index has not only been a pretty good measure of pricing trends, but it has also been a good predictor of the Case-Shiller indices.
The next Case-Shiller Index is due out a week from today, and is likely to show more deceleration. The HVI is predicting a less-than 1% increase month-over-month for the 10-City, and 20-City composites.
But the local pricing has been spectacular this year, and we are back to peak pricing – or higher – in some areas:
More cities here: