Thursday, April 1, 2010

Home Price Declines Continue

The Case Shiller home price index has fallen again month over month.  Four cities; Charlotte, Seattle, Tampa, and Las Vegas have hit new crisis lows in price.

The following chart shows the most recent "housing recovery," which may end up looking like a speed bump down the side of a mountain:


Let's just hope the Federal Reserve does not stop buying mortgages....

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