Welcome!
Your article starts out with " A Bankrupt Arizona mortgage company...." Please, a more accurate assessment would be "A very profitable Arizona Mortgage company filed Bankruptcy.....". Just a bit of a difference.....
I agree that the Case-Shiller index is a joke. That said, why doesn't NAR make that point to the media and get them to use data from the other 3 reputable sources, themselves included, that support each other and draws the same conclusion?
I am surprised that Inman news would publish the statistics from the Case-shiller Index. It is so skewed it it worthless. Come on you guys...the national housing market is not determined by 8 states real estate activity and the data of 20 markets in those 8 states. It is such a dis service for this information to be published. Why don't you ask Mr. Shiller about his relationship with the Chicago Mercantile Exchange and the fact that his index is used to hedge housing futures values. Even the Wall Street journal and Realtrends have picked up on the farce of their data. How about data that has not been hand picked using specific market areas and specific property types and specific transaction types?