The latest report from the S&P/Case-Shiller confirm that the recovery in the U.S. is still very shaky. Home prices have dropped for 6 straight months, and dropped 4.1% just in the last three months of 2010.
Seasonally adjusted, the national index surpassed its the low it hit in Q1 2009.
The decline was widespread, 18 of the 20 large cities had losses for the year. The only gains were posted by Washington, +4.1%, and San Diego, +1.7%.
Detroit was the biggest loser, with prices dropping a staggering 9.1%.
Tuesday, February 22, 2011
Home Prices in U.S. Drop To 2009's Lows, 6 Straight Months of Declines
Subscribe to:
Post Comments (Atom)
Blog Archive
-
▼
2011
(510)
-
▼
February
(32)
- The Last "Great" U.S. GDP Is Now Revised Down From...
- Profitting From Oil Rising Further or Dropping: Vo...
- VISA: Your Current Debt Will Take 109 Years to Be ...
- Gold Analysis Now: Sell or Go Short; Gold in Tradi...
- BAC Shares Take Beating: New $20B Writedown, Now O...
- Tensions in Mideast: Using GLD and Yamana Gold, an...
- Home Prices in U.S. Drop To 2009's Lows, 6 Straigh...
- Spain's Banks Have 100B Euros in Problem Assets
- Roubini: G20 in Disarray, There is No Global Leade...
- G20 Currency Wars are Back: Brazil to Veto Propose...
- Mega Stock Exchanges: Brazil and China's Stock Exc...
- EU: Portugal Now Seen as Requiring a Bailout By April
- Food Prices Skyrocket And Why and How You Should I...
- Canadian's Debt Soars, Hits 150% of Income, Now Ma...
- Gold Soars as China Buys Record Gold: To Overtake ...
- Geithner: U.S. Needs To Massively Cut Corporate Ta...
- Apple's Arrogance Reaches New Levels: Subscription...
- Gold is Lifting Off This Morning
- U.K.'s Inflation Jumps to 4.0%: Twice the Target
- Forget Bernanke: MIT Says Online Inflation Jumps i...
- U.S. Interests Paid on Its Debt to Triple, to $554B
- China Invades Africa; 10X Investments in 10 Years,...
- Egypt Volatility: Opportunity in Oil ETFs; The Top...
- Oil: Petrobras Hits New Record Gasoline Production
- Irish Banks To Require Yet Another 50B Euros in Ne...
- Natural Gas: Huge Drop in Storage But Contango Rul...
- The Silly Latest Unemployment Figures: Initial Cla...
- The U.S. Exports Food and Oil Inflation: Inflation...
- Inflation Rises Again, China Raises Interest Rates...
- Geithner: Brazilian Real Overvalued Because Of Chi...
- KRY: Crystallex's Sad Story Finally Ends. Caput
- Riding the Egyptian Stock Roller Coaster: EGPT ETF...
-
▼
February
(32)
No comments:
Post a Comment