Are House Prices Still A Thing We Do

One must appreciate the enduring fascination with house prices, a truly baffling pursuit when you consider the data. The latest missive from the esteemed Calculated Risk Real Estate Newsletter offers yet another profound glimpse into the abyss, confirming that, yes, these ethereal valuations are still, in fact, a thing we discuss.

Apparently, the housing market, much like a confused toddler, simultaneously experienced a 'decline in July' according to Freddie Mac, while also managing to be 'up 1.4%'. One can only assume this reflects some esoteric quantum state where homes are both more and less expensive until observed. Meanwhile, the second-quarter update on 'Delinquencies, Foreclosures and REO' rolls in with the comforting predictability of the changing seasons, a gentle reminder that some things, like the steady erosion of housing security, remain reliably consistent. Truly, the market is a marvel of contradictions, a testament to our collective denial.