Wednesday, January 26, 2011

Home Prices Declining -- AGAIN!

"November home prices continued their latest slump, falling 1% compared with October, according to the latest S&P/Case-Shiller Home Price Index of 20 metro markets."
That's the word from CNN Money, noting that the continuing decline has befuddled some analysts.
According to the latest report, this newest downturn put prices 1.6% lower than 12 months ago, slightly worse than industry expectations.
Things are really bad in Atlanta, Charlotte, Detroit, Las Vegas, Miami, Portland, Ore., Seattle and Tampa, Fla. All of these markets are at their lowest levels since they peaked during the boom.
Click here to read more.

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