Home prices fell sharply again in August according to the two leading home price indices, both released this morning. The Federal Housing Finance Agency (FHFA) logged a month-over-month decline of 0.7%–a modest acceleration from the 0.6% decline seen in July. The S&P Case Shiller 20 city index fell 1.3% in today’s report compared to a 0.7% drop last month. Does this mean prices are falling? Technically, yes. Using FHFA as an example, it means that
Loosening The Knot
Something that I like to do is to research the etymology of various words. This is essential in understanding older/historical texts, so that you can