Tuesday, Mar 27, 2007
Oh dear, more bad news...
Bloomberg: S&P/Case-Shiller Home Prices Fell 0.2% in January, Index Shows
March 27 (Bloomberg) -- The price of homes in 20 U.S. metropolitan areas fell in January for the first time in seven years, a private survey showed today.
Home values dropped 0.2 percent last month from January 2006, according to the S&P/Case-Shiller home-price index. The decrease was the first since the group started the index in January 2001.
Posted by houseoflords @ 02:13 PM (167 views) Add Comment
6 Comments
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1. royston said...
Lead the way back to the Land of Sanity!
2. Sam said...
Hold on people. we shouldn't be rejoycing so soon. we need to wait untill we're knee deep in repo's and news reports are saying 'wtf!' went down here!
3. dohousescrashinthewoods said...
inexorable: impervious to pleas, persuasion, requests, reason; [spin]
"We know that the Titanic filled up slowly as a result of damage to the [sub-prime] side of the ship and that she gradually went down by the head."
"Titanic goes down. Everyone safe," proclaimed the Daily Mirror in April 1912
I think the BBC et. al. are doing likewise about the UK market.. ;)
4. dohousescrashinthewoods said...
Does anyone remember that seemingly forgotten, soothing phrase, "soft landing"?
5. royston said...
"...even God Himself could not sink this ship [the Titantic]!"
Bruce Ismay, White Star Line - 1912
- Does this type of rhetoric sound familiar????????
6. denzil said...
This is noteworthy:
"Lennar Corp., the largest U.S. homebuilder by revenue, said today that earnings plunged 73 percent in the fiscal first quarter. "
That's a pretty hefty number!