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We just got data that S&P home price index fell 1.32% month over month.

Year over year prices are still up 13%.

But this is the biggest monthly decline since 2009.

I'm looking at this K-Shiller month over month chart in Y-charts

and tells the story beautifully.

Picture says it's out in the thousand words.

Here we hear that one.

Here we hear that one.

A couple times.

I mean, shouldn't it be like more like a picture tells like 50 words these days?

Keep it short and sweet.

I would be more worried if housing prices weren't falling over right now,

rolling over.

If they weren't falling, I think something else would be COC wrong.

I got an alert on my phone.

We're going to talk about home prices in my neighborhood on the show today.

I got an alert on my phone this morning.

A home was listed under $600,000.

Don't know the last time I've seen that one.

Okay, good thing.

You only need mortgage rates to fall in half to make sense for people.

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