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US Home Prices Dropped For a Sixth Straight Month in February
Home prices continued their slide in February, according to Standard & Poor’s Case-Shiller home price index. National home prices have now fallen a total of 35% from the highs hit in 2006 and are back at 2002 levels. With prices and mortgage rates as low as they are, this is a great time to purchase a home. Home affordability has already been better than it’s been in years, but it continues to get even better. Continue reading
S&P/Case-Shiller: Home Prices Hit 10-Year Low
The affordability picture continues to improve in the housing market. According to the S&P/Case-Shiller home price index, home prices are at the lowest they’ve been since 2002. Between low home prices and low interest rates, home affordability hasn’t been this good in a very long time. Continue reading
Case-Shiller Index: Home Prices Fell Again in May 2011
Home prices continued to fall in May 2011, despite record low mortgage interest rates. Continue reading
US Home Prices: 20% to 30% Declines Still to Come?
Steve Barry over at The Big Picture blog posted a very interesting graphic that shows how far the continuing decline in home prices might go. Robert Shiller, half of the team that created the widely-cited Case/Shiller home price index, also believes we could see significant price declines before this is all over. Continue reading
Case/Schiller: Home Price Double Dip “Almost Here”
Case/Schiller just released it’s October home price report indicating that a home price double dip is “almost here”. Both the 10-city and 20-city composite indices fell by more than 1.0% in October from September’s numbers. The 10-city composite index fell 1.2% (14.4% annualized) and the 20-city composite index fell 1.3% (15.6% annualized). Continue reading
Posted in Economy & Markets
Tagged Case/Schiller, Economy & Markets, Federal Reserve, Home Prices, Housing Market, Real Estate
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