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
OK that was pretty funny Dave.
Nice rewrite what but you got to be able to own one before you can lose one. Oh I know, you’re all saving a lot of money ny renting. NOT…you’re all spending it on malt liquor. BWWWAAAHAHAHAHAHAH
“wasder….what, whuh, cornerbodega and the rest of the loons really have no clue what it is like to own a home.”
What, Whuh, Cornerbodega and the rest of the loons really have no clue what it is like to LOSE a home!
The What
Someday this war is gonna end…
Snark…go to the Forum
wasder….what, whuh, cornerbodega and the rest of the loons really have no clue what it is like to own a home.
What, you can look back at my posts around the time I bought my house and I clearly bought with the knowledge that its an “asset” that is going to be declining in the foreseeable future so no shifting on my part. I just get tired of the incessant squabbling on speculative markets that none of us have any control over. I guess Mopar is right though, what the hell else would we fight about.
For my part, as long as we don’t end up in full blown Depression I can see a long happy life for myself in my house. IF a depression does come, all bets are off, but I certainly am not rooting for such an outcome as some people are.
Props my friends,
I be in the process of building a JEW Church in Brownstone Brooklyn to stabilize & prop up prices. No worries, yo’. Crazy money-launderin’ bearded Hassi’s to da’ rescue, yo!
OT RIP.
“We can spin our collective wheels on what will happen in the economy and housing market until we are all blue in the cyber-face and none of us will actually know what is going to happen”
Hey don’t shift now Wasder!!!!!!! First “Brownstoner will never go down” and then “Well we will lose about 10% but I will raise my family” and now this piece of shit!
Whuh is spot on! Stop moving the goalposts dumbass! We know where this is going, to a DEPRESSION!!!!!!!
Tick.. tick.. tick.. Six months enjoy it while you can!
The What (Someone give Wasder a reach around!)
Someday this war is gonna end…