Our YoY change is more negative this month because in early-2022 it was flying – the local Case-Shiller Index went up 11% between January and April last year!

We had the second-highest MoM gain in the country:

Here’s another guy who ignores the seasonal trends and instead just declares that price declines are over:

“The modest increases in home prices we saw a month ago accelerated in March 2023,” said Craig J. Lazzara, managing director at S&P DJI in a release.

“Two months of increasing prices do not a definitive recovery make, but March’s results suggest that the decline in home prices that began in June 2022 may have come to an end.”

Note the headline:

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