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.
3.20 – the rest you’ll “have to live with.”
Well thats nice of you to forgive yourself, but make sure you aren’t so easy on the suburbanites you contemptuously condemn.
i drive a hummer to work in midtown, even though it would take me less time to take the subway. i run my AC all day long with my windows open. i eat whale and baby seal once a week and use old school aeresol hairspray (the kind that damages the ozone). in the winter, i burn low quality coal to stay warm (again, with the windows wide open).
I live in a city, don’t own a car and have done as much as I can to update my brownstone to be eco friendly. The rest, I will have to live with for now.
I can almost guarantee that my footprint on the earth is smaller than yours. By the way you speak, just the hot air alone from your empty words is more destructive to the earth.
biff is fighting with himself again!
Hey I grow my own veggies and have chickens. What about you 3.06? Or are you killing the planet with your sushi-eating-sea-destructing convenience-selfishness? Perhaps you levitate your eggs and eggplants from NJ to PS thereby avoiding diesel truck particulate emissions?
Get back to polishing your halo.
Everyone in the burbs is obese.
Gross.
3:06 (#2) = bitter biff
Brooklyn real estate brokers live in the suburbs.
“as it can be”
Never will be as energy efficient as a new home. So start the self-flagellation.