Case-Shiller Continues to Tank
Housing prices in the country’s 20 largest cities fell 19 percent between January 2008 and January 2009, according to the Case-Shiller index; New York City fell almost 10 percent in this same period. There’s no daylight that I can see in this report, said David Blitzer, chairman of S.& P.’s index committee. It is unlikely…
Housing prices in the country’s 20 largest cities fell 19 percent between January 2008 and January 2009, according to the Case-Shiller index; New York City fell almost 10 percent in this same period. There’s no daylight that I can see in this report, said David Blitzer, chairman of S.& P.’s index committee. It is unlikely that we are anywhere near a bottom in nationwide home prices, said Joshua Shapiro, chief United States economist for MFR Inc. The only ray of light: In a few cities like Charlotte, Minneapolis, and New York, the rate of decline in January was slightly lower than the rate of decline in December.
Record Drop in Index of Home Prices [NY Times]
Graph from Seeking Alpha
Sebb, DIBS, 300% increases in 10 years (1998-2008) was not unheard of. There’s plenty of evidence to support this.
Mopar I couldn’t agree more with your statement
it’s really crazy isn’t it?
Oh, I hadn’t seen that.
Dave: I was speaking of MissMuffet. She keeps saying prices in the years from 2000 to 2007 went up 300% in NYC.
sebb….sorry, lost track of what you’re referring to. Who is “she” and waht happened within the last eight years.
What, I’m done with you for today. You make no sense whatsoever. Pull your head out of your ass.
“Stating that its more upscale and civil than wherever you lived is not the same thing as saying its only now upscale and civil since I moved there.”
Oh yeah Dave the neighborhood “improved” when you moved in…
The What (The What searches for a Bocce Ball)
Someday this war is gonna end…
Dave she was saying within the last 8 years.
“Probably more upscale and civil, than anyplace you ever lived. ”
Oh now it’s “upscale and civil”? I wonder what it was before Dave?
“A bit racist, ya think????”
You really need a class in reading comprehension, What.
Stating that its more upscale and civil than wherever you lived is not the same thing as saying its only now upscale and civil since I moved there.
YOU REALLY HAVE A PROBLEM TODAY READING DON’T YOU/
Too many skittles i think
Oh boy. We’re giving trillions to bankers who are cashing out with severance and bonuses that could buy 20 Brooklyn brownstoners per year per person. The people who bought with subprime mortgages and all the rest of us are the ones left holding the bag.
Interest rates probably will start to jack up soon, unemployment will grow, and housing prices and the cost of everything else will start to rise.