Latest S&P Numbers: Surprise! They Ain't Good
The Journal reports that the most recent S&P/Case-Shiller indexes, which covered home-price trends in 20 major metropolitan areas through April, show home prices dropping 15.3 percent in the past year—a record decline. The continued devaluation of residential real estate across the country set home prices back to where they were a whole three years ago,…
The Journal reports that the most recent S&P/Case-Shiller indexes, which covered home-price trends in 20 major metropolitan areas through April, show home prices dropping 15.3 percent in the past year—a record decline. The continued devaluation of residential real estate across the country set home prices back to where they were a whole three years ago, even though eight of metropolitan areas included in the index showed a bit of improvement over March of this year. There was no region studied, however, that did not post a year-over-year decline in prices. Vegas and Miami saw the biggest price drops between April ’07 and April ’08, while Charlotte and Dallas fared the best. The New York region was somewhere in the middle, with a year-over-year decline of 8.4 percent and a 1.3 percent dip between March ’08 and April ’08. “There might be some regional pockets of improvement,” said David M. Blitzer, chairman of Standard & Poor’s index committee, though “on an annual basis the overall numbers continue to decline.”
Home-Price Gains Are Erased, Now Stand at 2004-2005 Levels [WSJ]
Graphic from the Wall Street Journal.
Spell often, you mean.
So now, I see, you’re a PS stroller mom.
Your green knowledge is based on a dabble in the NY Times science section and a stint at the food co-op?
Scarsdale is where over the hill cheerleading captains go to die.
“You’ll condem those perceivedly less-green than you, but ignore those greener than you in their higher density housing. So you’ll excuse yourself basically.”
Wow, spell much?
Anyway, my husband and I have 5 children together and we adopted 3 more over the years. So we needed the space of a brownstone. So yes, I feel that I am doing my best under the circumstances. We simply do not have 30 million for a spread in a condo.
Surbanite 3:47,
I’m an urbanite rasing kids in the City who took it on the chin for private school tuition (paid 21 years worth of private shcool tuition over the past 11 years.
Now that the kids are done with private school, I don’t pay anything for school anymore. That’s no the case in the suburbs where that tax bill (the suburban equivalent of school tuition)has to get paid every year – for ever.
Also, I’ve found that kids who’ve gone off to college like to visting during vacations + summer because they and their friends enjoy being in the City. When the kids graduate, if they want to live/work in the City, we have an apartment to rent/give them.
pros and cons to all
4.11 – “excellent” public schools is relative. These aren’t Scarsdale-excellent. They are Brooklyn-excellent.
“4.17 – comment of the day.”
The comment of the day was posted an hour ago. Keep up Corky.
keep up the good work nancy drew, i mean 4:17.
Oh and I didn’t write the “question” about global warming.
4.17 – comment of the day.