Friday, October 26, 2007

US median house prices down 18pc

The sky has already fallen

The median price of US houses has crashed from a peak of $262,600 in March to $211,700 in September. This is an 18pc drop nationwide. Yes, the year-on-year slide is still just 4.2pc, but that will soon change as the base effect catches up.

Posted by sold 2 rent 1 @ 11:37 AM (983 views)
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7 thoughts on “US median house prices down 18pc

  • This site is vindicated – it’s finally all happening!

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  • planning4acrash says:

    That’s amazing, I understand that the fall in median prices this year is the first time that’s happened since the great depression.

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  • Looks like Ambrose the bear has his claws out – this is one of the most confident bearish articles in the mainstram press yet on the general economy as well as house prices – from what Ambrose says, we are looking at BIG trouble in the US.

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  • Shipbuilder – you put your finger on it – a ‘confident bearish article’. How long before the likes of David Smith will be saying “Of course, I had to be careful not to be talking down the markets, but my underlying message was always that the economy was on dodgy ground…”

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  • Spare me the mantra that the “fundamentals” are sound. Credit is the ultimate fundamental.

    It’s difficult to say more… 🙂

    tangara

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  • A quote from Churchill seems apt:

    ” This is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning. ”

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  • Brilliant crafted piece this, dripping with compelling evidence, no Bull could even start to unpick the arguments. Well done Mr Ambrose, you have kicked a**e!

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