« Iowa Political Prosecution? | Main | On Requiring Voters To Show ID At The Polls »
December 26, 2007
Today's Housing Bubble Post - Record National Housing Price Drop
-- by Dave Johnson
U.S. home prices drop 6.1% year over year, Case-Shiller finds - MarketWatch,
Home prices in 20 major U.S. cities were down 6.1% on average in the past year as of October, according to the Case-Shiller price index released Wednesday by Standard & Poor's.This is only the beginning.
Since October 2006, prices in 10 cities fell 6.7% -- a record drop. The prior largest decline was 6.3% in April 1991.. . . Miami sustained the largest drop over the past year, with a decline of 12.4%. Next came: Tampa, with a drop of 11.8%, Detroit with a drop of 11.2%, and San Diego with a drop of 11.1%.
By the way, does this price drop take into account 4% inflation? If not the real decline was quite a bit greater.
Posted by Dave Johnson at December 26, 2007 7:14 AM
Trackback Pings
TrackBack URL for this entry:
http://www.seeingtheforest.com/cgi-bin/mt/mt-t.fcgi/3520
Comments
Post a comment
Thanks for signing in, . Now you can comment. (sign out)
(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)
