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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


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  1. “A guy gets a gun shoved in his face and you have to nerve to type this crap!”

    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.

    LOL on that high horse.

  2. 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??????????

    Buy a new keyboard (again) your caps are stuck. Oh and while you are at it Re- Re-read my post..

    The What (You almost there stupid)

    Someday this war is gonna end…

  3. “A guy gets a gun shoved in his face and you have to nerve to type this crap!”

    OH F@CKING PLZZZZ.

    Did you buy that High Horse this morning? You are one pathetic hypocrite. For years you talk and attack people while thousands lose their home and you have the fucking nerve? LOLOL. Oh I get it, homelessness, poverty and bankruptcy is less tragic and traumatic.
    Silly troll.

    Get over it dude. And your superficial attempt to ‘have a heart’ is just so obvious.

    And yes I already have been in that situation – twice. Does not make my comment any less heartless but please spare me the high horse crap especially from your pseudo Paule Revere persona.

  4. “DUMBASS RETARD. LEARN THE DIFFERENCE BETWEEN 13 WEEK AND 5 YEAR.”

    Buy a new keyboard your caps are stuck. Oh and while you are at it re-read my post..

    The What (Taste the rainbow)

    Someday this war is gonna end..

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