Ken Wade, author of Housing Alerts, posted the following on July 20, 2017:
“On a real or inflation-adjusted basis, home prices in 171 out of 403 markets(42.4%) fell compared to the previous quarter.
Here’s the new list of cities: https://www.HousingAlerts.com/blog/market-reports/171-markets-declined-q-o-q.
That’s a pretty serious market reversal; it could spell big trouble on the horizon.
Quarterly data tends to bounce around a bit(compared to Annual), so we’ll see if these early indicators get confirmed next month.
You now need to be far more informed and discerning where and when you invest.”