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S&P: Housing prices nationwide dropped sharpest ever in second quarter
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A widely watched housing index shows home prices dropping by the sharpest rate ever in the second quarter.
The Standard & Poor's/Case-Shiller U.S. National Home Price Index tumbled a record 15.4 percent during the quarter.
The monthly indices also clocked in record declines. The 20-city index fell by 15.9 percent in June compared with a year ago, the largest drop since its inception in 2000. The 10-city index plunged 17 percent, its biggest decline in its 21-year history.
No city in the Case-Shiller 20-city index saw year-over-year price gains in June, the third straight month that's happened.
However, the rate of home price declines slowed in June from the month before, a possible silver lining, the index creators said.
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C'mon people you're sleeping on the job! Where's the same dead comments we've heard over and over from the same tired people. Or is everyone starting to realize the vast affects this industry has on everyone here, yes everyone!
#1 Posted by trehuger on August 26, 2008 at 9:56 a.m. (Suggest removal)
Can somebody please advise NABOR....
#2 Posted by theabyss on August 26, 2008 at 10:30 a.m. (Suggest removal)
or maybe advise Fishkind & Associates?
#3 Posted by neapolitan12345 on August 26, 2008 at 11:33 a.m. (Suggest removal)
way better article
http://www.naplesnews.com/news/2008/a...
#4 Posted by NeezDutz on August 26, 2008 at 1:15 p.m. (Suggest removal)
hahahaha oh man, thats what i get for not looking
this is the article i meant to post
http://articles.moneycentral.msn.com/...
#5 Posted by NeezDutz on August 26, 2008 at 1:15 p.m. (Suggest removal)
of course prices are down, thus sales are up.
#6 Posted by trehuger on August 26, 2008 at 1:48 p.m. (Suggest removal)
Great legacy of GOP leadership! Let's re-elect the Republicans for 4 more solid years under Juan "Capt Amnesty" McBush.
#7 Posted by outsidethebox240 on August 26, 2008 at 2:20 p.m. (Suggest removal)
Or..we could vote in an avowed Marxist and just wait and see what he will do because no one knows anything about him as he barely votes in the two years hes been in the Senate. Although, most economist believe that he will incur at least one trillion more in deficit..who by the way, will tax the he11 out of us. Choose your poison!
#8 Posted by almostdone on August 26, 2008 at 5:15 p.m. (Suggest removal)
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