Apr S&P Case-Shiller Home Price Index: +0.7% M/M vs. +0.4 expected, +0.1% prior. -1.9% Y/Y...

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bbro Comments (7847)
 
National home prices are undervalued by 4%...
26 Jun 2012, 09:05 AM Reply Like

bbro Comments (7847)
 
10 out of the 20 in S&P Case Shiller 20 are up year over year
26 Jun 2012, 09:11 AM Reply Like

Stoploss Comments (1727)
 
Not according to county tax records.
26 Jun 2012, 09:20 AM Reply Like

Josh ODonnell Comments (229)
 
No.. Home prices are HUGELY overvalued... Who can buy a house making $7/hr, let alone 40K a year...Prices need to drop another 50-60% to see a real bottom...and WE HAVE NOT seen that bottom and wont until the US govt. debt bubble pops.
26 Jun 2012, 09:12 AM Reply Like

Josh ODonnell Comments (229)
 
It doesn't matter. Its all temporary... and if its temporary that means there's no real growth in any sector of this economy. When your in a multi linked bubble economy thats popping, you will see sporadic areas of growth here and there, but no REAL longterm growth....

The stock market bubble was the only bubble they were able to reinflate because those are non-tangible assets, so hedge funds could continue piling in capital... Housing is finished in the long term.
26 Jun 2012, 09:20 AM Reply Like