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More on Case-Shiller: Home prices increased 9.3% Y/Y for the 20-city composite, the fastest gain...

More on Case-Shiller: Home prices increased 9.3% Y/Y for the 20-city composite, the fastest gain in 7 years. Phoenix (+23%), San Francisco, Las Vegas, and Atlanta saw the biggest increases, while NYC, Boston, and Chicago had the smallest. Nationally, prices are back at autumn 2003 levels and about 30% below their summer 2006 peaks. Maybe more levered than any other large bank to home price recovery, Citigroup (C) is flat. (full report)
Comments (2)
  • june1234
    , contributor
    Comments (2502) | Send Message
     
    With millions of distressed homes withheld from the MLS that price is distorted the median price being calculated by averaging out the high and low, so many of the latter sitting and accumulating on banks books
    30 Apr 2013, 01:31 PM Reply Like
  • jackscure
    , contributor
    Comments (43) | Send Message
     
    Yet another huge scam in a country filled with SCAM and FRAUD. Not only are there distressed homes withheld from the MLS- but there are also millions living in homes who haven't paid their mortgage in 7 years that banks are too chicken to go after - and they don't count towards the supply either. PATHETIC accounting. If the US Government were a business-they'd all be in jail for life and beyond
    1 May 2013, 05:20 AM Reply Like
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