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Home prices lowest since 2002

By: capt_nemo in ROUND | Recommend this post (0)
Tue, 29 May 12 5:34 PM | 38 view(s)
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The month by month MSM rats try to spin their webs, BUT the reality of things. We still heading down...... OHHHHHHHHHHHH heck, maybe next year!!!!!!!!

Home prices hit new post-bubble lows in March, according to a report out Tuesday.

Average home prices were down 2.6% from 12 months earlier, according to the S&P/Case-Shiller home price index of 20 major markets. Home prices have not been this low since mid-2002.

"While there has been improvement in some regions, housing prices have not turned," said David Blitzer, spokesman for S&P.

Although five cities - Atlanta, Chicago, Las Vegas, New York and Portland - saw average home prices hit new lows, that's an improvement from last month's report, in which nine cities notched new lows, Blitzer noted.

Overall, the 20-city composite is down about 35% from its peak in 2006.

View this article on CNNMoney

http://us.lrd.yahoo.com/_ylt=AscIwI2xWCmVxEDwTyxKRxCDuodG;_ylu=X3oDMTFqaWd2Ymg3BG1pdANBcnRpY2xlIEJvZHkEcG9zAzIEc2VjA01lZGlhQXJ0aWNsZUJvZHlBc3NlbWJseQ--;_ylg=X3oDMTJudTR2aWxmBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDOTAzMGUxNzYtMWUyOS0zNmUxLTgxNWItNzU4ZDdmNzFmM2ZkBHBzdGNhdANuZXdzBHB0A3N0b3J5cGFnZQ--;_ylv=0/SIG=13b1l0nha/EXP=1339508001/**http%3A//money.cnn.com/2012/05/29/real_estate/home-prices/index.htm%3Fsource=yahoo_hosted




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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