Housing in 2012: Distressed Sellers’ Last Gasp

Written by Gary North on January 9, 2012

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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