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.
4.12 – so you know that brownstones are horribly energy-inefficient, and that there are huge multistorey condos in the city which are far more energy efficient. But your green-contribution is just right eh?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.
Like the George Carlin quip, have you ever noticed that everyone driving slower than you is an idiot and everyone driving faster than you is a maniac.
Wouldn’t know. I don’t hang out in Staten Island. Or at malls.
“You ever been to Brownstone Brooklyn?”
“Do you not believe global warming is happening either?”
Did you go to the Staten Island Mall Upstairs School of Rhetoric?
I mean legally, 4:06. I live in a 10 unit co-op brownstone and the majority on my street are split up into 10 units or so. Maybe 5 on the entire block are single family, but even those have renters on the Garden level.
You ever been to Brownstone Brooklyn?
Hey suburbanite at 3:47…
Question for you…You love Westchester so much that you spend your days reading and posting 500 word diatribes on Brownstoner about how awesome the suburbs are??
BTW, one of the main reasons I hear about people moving to Park Slope are for the excellent public school options. I don’t have kids or live in that hood, but we here in Brownstone Brooklyn hear about it quite a lot.
4.04 – you mean legally or illegally?
illegally, many places.
I know very few people who live in an entire Brownstone themselves, 4:00. I’d say that’s 10%. The rest are 2-10 family houses.
Where in the suburbs is that the case?
One family living in a 2 million dollar brooklyn row house? Thats not green.
Just to chip in, there are a number of fallacies in the urban vs suburban fantasy of green living. Localized car pollution in highly arborealized areas is reduced and dissipated to the atmosphere to a lesser extent that city vehicular traffic is in tree-free areas. In addition, the concentrated massive pollutant amounts in cities where paving has completely disrupted huge swathes of runoff areas are problems not encountered in the suburbs. Complex additive heating effects from city conglomerations of lights, AC and other heating systems have different atmospheric effects to individual houses.
The urban vs suburban equation is not as simplistic as some on here (in their self-justifying sanctimony) would have you believe.