Case Shiller Index: Negative Numbers Across the Board
Home prices in the New York City area in February fell 1.6 percent from January and about 10 percent from a year before, according to new numbers from the Case-Shiller Index. Those drops were relatively benign compared to some parts of the country: Las Vegas and San Francisco all experienced year-over-year declines of over 30…
Home prices in the New York City area in February fell 1.6 percent from January and about 10 percent from a year before, according to new numbers from the Case-Shiller Index. Those drops were relatively benign compared to some parts of the country: Las Vegas and San Francisco all experienced year-over-year declines of over 30 percent while Phoenix achieved the distinction of being the first city to have its real estate values fall more than 50 percent from the 2006 peak. Some of the hardest hit regions have begun to show signs of stabilizing, as low prices, the proliferation of foreclosure sales and low interest rates have lured some buyers back to the table. Still, predictions for future declines across the country from so-called experts range from just 5 percent to as much as 33 percent. A chart from the Wall Street Journal of percentage changes in the nation’s 20 largest cities is on the jump.
Phoenix Leads the Way Down in Home Prices [NY Times]
City Lags As Nation Hits Home Runs [NY Post]
A Look at Case-Shiller Numbers [WSJ]
NYC Price graph from The New York Times
Yankee Tickets!!!!! Get your Yankee Tickets here!!!! HALF OFF!!!!!!!!!
“ENY, I’m a METS fan but have to give the CHAMPS some freedom to brag, rub it in, … cause they are the CHAMPS”
Hey, I’ll give props to the Champs. I give them all credit. But you know, that was LAST YEAR. This is a new year. And it’s just started.
Yankeetrash.
ENY, I’m a METS fan but have to give the CHAMPS some freedom to brag, rub it in, … cause they are the CHAMPS
“the Yankees sure look like losers this year. Again. Go Phillies.”
It’s APRIL. The baseball season ends in September.
Is that because he just got a nice big bonus?
April 29 (Bloomberg) — Lewis Ranieri, a mortgage-bond
pioneer and former Salomon Brothers vice chairman, said the
slump in U.S. home prices is almost over and that he’s
“enthusiastic†about housing for the first time in five years.
“I’m actually very enthusiastic about housing, and I
haven’t said that in five years,’’ Ranieri said, speaking on a panel at the Milken Institute Global Conference in Beverly Hills, California. “We’re within shouting distance of a bottom.â€
That’s the kind of talk that borders on getting the OT taken down and then you have to search all the other threads to find an Asshat like me to chat with.
And we don’t call each other names like “slot” anymore. 🙂
C U Next Tuesday!!!!
49.5% – not as bearish as the bigger bears.
why predict a bottom? buy when prices actually go up or buy if someone is giving you a humungous discount that feels like a bottom.
stock mkt does well, companies’ profits doing well,…. That’s nice to know amidst this doom & gloom. however, until YOU see / feel the benefits (ie job feels safe, salary is popping, savings piling up….), it means jack squat. Can’t make buy decision based on others doing well. Buy when YOU feel you’re doing well.