Lumpy 1
Diamond Member
- Jun 19, 2009
- 43,946
- 18,940
- 2,330
Well... with Democrats in charge the inevitable failure has followed...Spend more, grow government and by no means cut spending has yielded a classic Democrat result... Failure...
......I suspect they'll blame someone else
WASHINGTON (MarketWatch) — U.S. home prices fell in March for the eighth straight month, confirming the beleaguered housing market has entered a double-dip recession, according to a closely followed index released Tuesday
Home prices in 20 major U.S. cities declined 0.8% in March on a non-seasonally adjusted basis, according to the Case-Shiller home-price index released by Standard & Poor’s.
Prices fell in 18 of 20 cities in March on a monthly basis. Only Washington, D.C., and Seattle showed advances. Over the past year, only Washington, D.C., has seen prices advance.
Prices fell 3.6% on a year-over-year basis in March, compared with a 3.3% year-over-year drop in February.
The 20-city index is now below its April 2009 trough, meaning that home prices have fully retreated from gains posted from May 2009 through June 2010, putting housing in a double-dip downturn.
“Home prices continue on their downward spiral with no relief in sight,” said David Blitzer, chairman of the index committee at Standard & Poor’s.
Housing in double-dip decline as prices fall again Economic Report - MarketWatch
......I suspect they'll blame someone elseWASHINGTON (MarketWatch) — U.S. home prices fell in March for the eighth straight month, confirming the beleaguered housing market has entered a double-dip recession, according to a closely followed index released Tuesday
Home prices in 20 major U.S. cities declined 0.8% in March on a non-seasonally adjusted basis, according to the Case-Shiller home-price index released by Standard & Poor’s.
Prices fell in 18 of 20 cities in March on a monthly basis. Only Washington, D.C., and Seattle showed advances. Over the past year, only Washington, D.C., has seen prices advance.
Prices fell 3.6% on a year-over-year basis in March, compared with a 3.3% year-over-year drop in February.
The 20-city index is now below its April 2009 trough, meaning that home prices have fully retreated from gains posted from May 2009 through June 2010, putting housing in a double-dip downturn.
“Home prices continue on their downward spiral with no relief in sight,” said David Blitzer, chairman of the index committee at Standard & Poor’s.
Housing in double-dip decline as prices fall again Economic Report - MarketWatch
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