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
OK
Full story on the Forum — thanks for your interest….
“I don’t think the long time residents along Stuyvesant Ave would appreciate you calling it the ghetto.”
You are not one of them!
“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????”
Yeah!
“berrating people who are about to go homeless, bankruptcy, joblessness and poverty.”
If in 2005 you understood the dynamics of the Mutant Asset Bubble to day you will be fine but alot of those people got caught up in the hype! Oh well…
The What (Weeeeeeeeeeee)
Someday this war is gonna end…
“I guess you never had a gun shoved in your face”
Uhm – twice. So wait… you mind people getting mug at gun point but don’t mind berrating people who are about to go homeless, bankruptcy, joblessness and poverty.
Typical theory craft e-warrior.
gosh, didn’t we have such a great topic last week about ways to make the commenting system better?
Nice to see that we’re really trying to be civil. Boy wish we had an ignore button right about now.
I don’t think the long time residents along Stuyvesant Ave would appreciate you calling it the ghetto. Probably more upscale and civil, than anyplace you ever lived. A bit racist, ya think????
“It also points to why you will not make any money coming out of this and probably didn’t make any money correctly predicting the downturn. Sad really.”
Yeah you move form Manhattan to buy a house in the middle of the Ghetto and your employer is a Hedge Fund. Boy O Boy that’s smart planing Dave! Way to go, YEAH!!!!
The What
Someday this war is gonna end….
You really have no idea what you are talking about do you???
Its sad when you PWN yourself with the lack of understanding of basic things like the difference between 13 weeks and 5 & 10 Years.
It also points to why you will not make any money coming out of this and probably didn’t make any money correctly predicting the downturn. Sad really.
“Reread MY post. I was talking about mortgage rates. Your IRX reference has nothing to do with that.”
Oh yes it does Dave! Read on!
“The fed controls short term rates, typically not the ones that drive mortgage rates. rates are now being driven on the 5 year and longer end by the marlket’s desire to buy or sell treasuries given their appetitie for more or less risk in the equities market.”
Then…
“Yeah, so???? The 13 week rate is 0.21 % and the IRX is 0.21 X 10 = 2.10. NEITHER ONE HAS MUCH TO DO WITH MORTGAGES.
WHAT’S YOUR POINT??????????”
You just made my argument! Dave=PWNED HIMSELF
The What
Someday this war is gonna end…
“Oh please. You are a hypocrite. What makes Joe special that he gets an e-knight? Oh that is right, he is not a statistic compared to the thousands of ‘asshats’, ‘retards’ – not to mention those that became jobless because of this crash.”
I guess you never had a gun shoved in your face or been shot at! Guess what punk I have and it’s not something I wish on anyone, including the Asshats! I talk about crime going up but I don’t wish any harm on no one (except Dave).
The What
Someday this war is gonna end…