Tuesday, May 27, 2008

14.4% drop in a year – and accelerating! (in the US I’m afraid to say)

S&P/Case-Shiller U.S. Home-Price Index Falls 14.4%

Home prices in 20 U.S. metropolitan areas fell in March by the most in at least seven years, pointing to continued weakness in the housing market that will further drag on the economy. The S&P/Case-Shiller home-price index dropped 14.4 percent from a year earlier, more than forecast and the most since the figures were first published in 2001. The gauge has fallen every month since January 2007.

Posted by tyrellcorporation @ 02:58 PM (672 views)
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2 thoughts on “14.4% drop in a year – and accelerating! (in the US I’m afraid to say)

  • dohousescrashinthewoods says:

    So, given we’re more overvalued, we can expect worse than this over the next year.
    Seems a logical conclusion.

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  • it_is_going_with_a_bang says:

    … ah but remember erm erm erm … oh yes … fundamentals.
    Thats it. Ah thats better it’s all going to be fine now …

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