Wednesday, Oct 29, 2008
4 years of decline
Economist: US house prices: Still no end in sight
On Tuesday October 28th the S&P/Case-Shiller index of house prices for ten cities showed a record decline of 17.7% in the year to September.
Posted by mken @ 02:01 AM (429 views) Add Comment
4 Comments
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1. little professor said...
Ouch! That's gotta hurt.
2. lvmreader said...
Have it
3. mark wadsworth said...
Cool. And the UK bubble was three times as big as theirs and we're only one year in!
4. Luckyjim said...
Interesting graph as it shows the rate of decline not the actual prices. If the line levelled off now it wouldn't look very dramatic but it would mean house prices are continuing to fall at 17% per year. Actually, the rate of decline is increasing !
Wow.
I've gotta say, I looked at villas in Florida a couple of months back and didn't see much change from 2006. I guess there are huge regional variations.