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Sept. S&P Case-Shiller Home Price Index: -0.7% M/M vs. -0.3% expected, -0.2% prior. +0.6%...

Sept. S&P Case-Shiller Home Price Index: -0.7% M/M vs. -0.3% expected, -0.2% prior. +0.6% Y/Y vs. +1.1% expected, +1.7% prior. Home prices decreased in 18 of the 20 metropolitan areas tracked in September compared with August.
Comments (6)
  • Jason Tillberg
    , contributor
    Comments (1237) | Send Message
     
    low interest rates, 100% gov't guarenteed mortgages, and price still fall.

     

    wait till the banks collapse, then house prices will bottom. In gold or silver at least .. Big Ben may well give us a debt explosion
    Rudolph Havenstein style.
    30 Nov 2010, 09:22 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    The banks havenĀ“t even forclosed on most of the homes they will own...
    30 Nov 2010, 09:27 AM Reply Like
  • Conventional Wisdumb
    , contributor
    Comments (1802) | Send Message
     
    Strangely we have positive retail sales news today and the usual pattern appears to have broken - bad news ignored, good news embraced.
    30 Nov 2010, 09:43 AM Reply Like
  • Jason K Roberts
    , contributor
    Comments (20) | Send Message
     
    Until the banking/mortgage industry gets rid of all their bad loans this is to be expected thru 2011. Their short sale process is still a joke so they have no choice but to foreclose, which destroys neighborhood values.Lower prices coming but we are closer to the bottom which is always good news. If the stock market collapses again that will kill demand as confidence collapses. Dont fall in love with any investment in the short run!
    30 Nov 2010, 08:29 PM Reply Like
  • Bill S. Friend
    , contributor
    Comments (711) | Send Message
     
    This is not news, rather its the last gasp attempts to stem the tide of forsclosures upon which the entire economy hinges. The contortions are difficult to watch. The images of Pelosi with eyes wide in horror are etched into my memory, I knew the jig was up. Bernankes' gaze snapped to the floor when asked by congress if the American economy is a ponzi scheme, one more tell.
    30 Nov 2010, 09:43 PM Reply Like
  • Econdoc
    , contributor
    Comments (2944) | Send Message
     
    irrelevant
    30 Nov 2010, 10:20 PM Reply Like
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