House prices are down (again) and will continue to go down!
Aug 23, 2010
The Case Shiller housing data came out last week. As I have said before, there are many house prices indices but Case Shiller gives the most accurate picture of the housing market, since it measures repeat sales in an apples-to-apples comparison. Hence you should pay attention when the data comes out (the last Tuesday of every month).
The data now covers the month of March 2009 and it is not pretty. In fact, the price decline set new month-to-month records in a number of cities, including New York (-2.5%) and, spectacularly, Minneapolis (-6.1%), apparently the worst monthly decline for any city in the index’ history.
Via: http://www.vegasbubble.net/house-prices-are-down-again-and-will-continue-to-go-down
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