Home Prices Fall Again, Still, As Usual

The Case-Shiller index reveals falling home prices across the nation. The move is relentless. The happy-face press releases by the ever-optimistic National Association of Realtors appear mid-month.The news was bad for February, but the NAR’s economist tried to make things look better. Lawrence Yun, NAR chief economist, said underlying factors are much better compared to [...]

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Housing in 2012: Distressed Sellers’ Last Gasp

The news is bad. The most recent S&P/Case-Shiller housing-price data show a second month of seasonally adjusted price declines. The overall 20-city index dropped about 3.4 percent from October 2010 to October 2011, after falling less than one percentage point during the previous year. In nominal terms, the 20-city index is at the lowest point [...]

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