On a monthly basis, the New Housing Price Index (NHPI) fell 0.4% in October, the largest monthly decline since April 2009. However, the picture was mixed across the country, as prices were down in 9 out of 27 census metropolitan areas (CMAs) surveyed, but unchanged in 11 CMAs and up in the remaining 7.
True, we’ll just have to wait and see if more data becomes available. My original comment was more conjecture than anything else. It’s an interesting development though. Thank you for sharing.