Tuesday, April 28, 2009

Asha Bangalore tells it like it is!

US house prices continue to fall

The [Case Schiller Index] index is now 30.7% down from its peak in mid-2006, with average home prices now at similar levels to where they were in the third quarter of 2003, S&P said. For the second consecutive month, prices in Phoenix showed the largest annual falls (35.2%), followed by Las Vegas (31.7%) and San Francisco (31%). "It confirms information we've seen from that home prices are probably stabilising at low levels," commented Asha Bangalore, economist at Northern Trust in Chicago.

Posted by mark wadsworth @ 05:15 PM (1263 views)
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4 thoughts on “Asha Bangalore tells it like it is!

  • little professor says:

    A massive 2.2% month on month fall, yet many sections of the media are reporting it as “Pace of house price falls slows” because the year on year rate moderated from 19% to 18.6%

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  • How are prices “stabilising at low levels” if they are continuing to fall 2.2% month-on-month?

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  • @drewster

    Yeah I was rather confused by that one.

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  • I wonder if the US home owner is aware that his house has fallen too and not just the Schiller index?

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