A Further Collapse in Housing Prices. -7.28%

Discussion in 'Economy' started by Neubarth, Dec 29, 2009.

  1. Neubarth
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    Neubarth At the Ballpark July 30th

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    Case Shiller says that home values continue to plummet. So much for the Obama administration reports for a housing recovery. That fall, by the way, -7.28% is beyond what the market fell to last year. It just keep falling with all of those foreclosure auctions.
     
    Last edited: Dec 29, 2009
  2. editec
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    editec Mr. Forgot-it-All

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    Is the Obama administration reporting a housing recovery?

    I haven't really read that.

    What I read is that the rate of declining prices was improving.
     
  3. uscitizen
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    uscitizen Senior Member

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    Good, Housing prices are getting closer to where they should be.
     
  4. Neubarth
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    Neubarth At the Ballpark July 30th

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    But then we have the Obama led Washington spin on the data:

    Top Stories
    Home Prices Rise Again in October- AP Washington

    Home prices rise for the fifth month in a row in October, but the recovery continues to be uneven with only 11 of the 20 metros tracked showing gains. The Standard & Poor's/Case-Shiller home price index released Tuesday edged up 0.4 percent to a seasonally adjusted reading of 145.36 in October. The index was off 7.3 percent from October last year.
     

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