Home price seasonality

I have brought up the seasonality effect with respect to the quantity of homes sold but Rich Toscano has a great blog entry with some great perspective on the current seasonal national home price rise. In sum, the markets tend to rise in the summer as more people want to move during the summer school recess. As such activity and prices tend to rise during the summer and fall in winter.

ONLY when we see year over year sales and prices stop falling will I consider the housing market train wreck nearly over.