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
DUMBASS RETARD. LEARN THE DIFFERENCE BETWEEN 13 WEEK AND 5 YEAR.
“It’s called living in a city, What. Clearly something you chose to escape from because you couldn’t hack it anymore”
ROTFLMMFAO Take you Bitch-Ass back to Ohio and take the rest of the freeloaders with you. You F**** Poser!
The What
Someday this war is gonna end…
“What….Obviously you don’t know the difference between long and short Treasuries. 13 Week T Bills do not drive mortgage rates.”
Red Herring tastes great on my plate but not here Dumbass! I know your Cognitive Skills are impaired by the Baseball Bat you took as a teenager. Read my post again Retard!
The What
Someday this war is gonna end…
Thanks, What!
parkway, they do year on year to eliminate the seasonality, same as they do for stuff like retail sales. otherwise people would freak out every winter for no reason.
“Yes, I stand to gain if I can buy a cheap house. But what does it mean for my community which in turn does really affect me? I am dismayed by all the vitriol that gets flung around here, sometimes in bravado fashion, and hope these hard times can really inspire a bit more humility and community-minded thinking.”
Manischevitz Muffett!! You are on fire today. I can’t thank you enough for this post as it puts into perspective so many negative aspects of the tedious and destructive price debate. As opposed to the self-described “bottom feeders” on this board you understand that quality of life has many factors and the cheapest possible house may be a pyrrhic victory if the neighborhood in which you buy experiences a decline in living standards. Bottom feeders, how do you respond?
What….Obviously you don’t know the difference between long and short Treasuries. 13 Week T Bills do not drive mortgage rates.
Who’s the Dumbass now????
It’s called living in a city, What. Clearly something you chose to escape from because you couldn’t hack it anymore.
Most people I know have been the victim of a crime at some point in their NYC lives.
I was robbed at gunpoint 6 years ago on Riverside Drive and 86th Street on the UWS. Big woop.
Next.
“Crime is down Joe. Check latest stats”
Joe let me say this- This goes to show you how clueless some people are! The denial and delusion on Brownstoner is disgusting. To the Retard crimsonson I hope you find yourself in that situation!
The What
Someday this war is gonna end…
Can someone explain why they do these stats year on year, instead of month on month.
It seems like it would be much more valuable to say that prices declined in January at an annual rate of whatever from the month before.
That’s how they do inflation.
Btw, sorry to get back to the actual topic at hand and distract everyone from arguing over crime and joe’s tale of woe and whatever other random stuff some people seem to always want to bore us with.