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U.s. Housing Prices Fell Again In January

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The housing market remains mired in trouble, with plummeting prices and slumping sales. First-time buyers are fleeing, sellers are frustrated, builders are depressed and lenders are skittish about making new loans.

“The numbers are gloomy, no question,” said the economist Karl E. Case. “We’re bouncing along a rocky bottom.”

And that, he said, is the optimistic view.

“Others think we’re falling off another cliff,” Mr. Case said.

Housing prices slid in January for the sixth consecutive month, putting them barely above the lows reached in the depths of the recession two years ago, according to the index that Mr. Case helped develop.

The Standard & Poor’s Case-Shiller Home Price Index for 20 large cities declined 1 percent from December, putting the slide from its 2006 peak at 31.8 percent, according to data released Tuesday.

Wow just think how bad US house prices would be if it wasn't for the recovery....

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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