- Feb 13, 2005
- Reaction score
- Wildwood New Jersey
House prices hit post-bubble low
When it comes to the value of what many Americans consider their biggest financial asset, no such return appears in sight.
Data released Tuesday showed that seasonally adjusted housing prices have reached a post-bubble low, as the minor surge that began in 2009 fizzled, to be followed by the almost continuous slide of the past 18 months.
that was Jan.. 2012
Home Prices At Lowest Point In More Than 10 Years
NEW YORK (CNNMoney) -- Home prices fell to their lowest point in more than a decade in January,
That's the lowest price reading since November 2001,
"Prices will continue to fall through the first half of 2012 due to the high share of distressed sales," said Stuart Hoffman, chief economist with PNC Financial.
wow, what a difference a few days makes.. ever wonder what happened..
"The recent agreement between the big mortgage servicers, state attorneys general and the Obama administration will also result in more homes going to foreclosure over the next few months, adding to downward pressure on prices."
some idiot made a deal with the banks... a sweetheart deal.. and homeowners will suffer.. well they used to be homeowners..