Case-Shiller: Beware the Head Fake
There was some reason to take comfort about yesterday’s data from the Case-Shiller Index—the rate of price declines slowed for the third straight month nationally. But before you break out the champagne and check books, get a dose of what the Wall Street Journal had to say yesterday: The bloodletting may not be over. Here’s…
There was some reason to take comfort about yesterday’s data from the Case-Shiller Index—the rate of price declines slowed for the third straight month nationally. But before you break out the champagne and check books, get a dose of what the Wall Street Journal had to say yesterday:
The bloodletting may not be over. Here’s why: If price declines accelerate for the mid-to-upper end of the housing market, then that could generate enough large declines in values—even among a small segment of the overall housing market—to push the index lower still.
Meanwhile, here in New York (where there’s plenty of “mid-to-upper” properties) housing prices ticked down another 1.6 percent in April for a total of 21 percent off the June 2008 high, as the chart above shows.
“…when you get to the point that you manage your own money and that of a few others as a career”
dibs you are day-trading your trust fund, aren’t you? Grandpa would want you to get a real job, you know.
What do you do, What??
Yes, joe, I’ve been to every one of them.
“has anyone actually met dibs at one of these drink gatherings?”
Yeah he was sucking off the bartender in the bathroom…
The What
Someday this war is gonna end…
What do you do What???
Thank you etson. I’ll have to buy you a coffee in the free coffee room. Our firm though is very small and I wouldn’t be able to afford one from outside.
Speaking of which, have you ever gone into that nice looking Italian coffee bar on 44th between Lex & 3rd??? Its a really nice looking spot but I’m way too busy diring the day to pop over there what with managing the pittance we have here and posting all day on brownstoner like these other losers.
What do you do What?????
has anyone actually met dibs at one of these drink gatherings?
Whuh,
I work for a different firm on the same floor as DIBS, which would fit your description, although I am not the manager.
Whatever you think of his views on the housing market his firm has a strong track record.