Tuesday, June 30, 2009

Clusterstock:House Price Crash Finally Beginning To Ease


Good news! The rate of the price decline in the housing crash has finally begun to ease.

Bad news! Prices are still falling 18% year over year.

Specifically, in April, according to the Case Shiller index, the rate of decline in nationwide house prices eased slightly in April--to 18% from 19% in March. The rate of decline has hovered around 19%-20% for the last several months. And prices have now declined a staggering 33%-34% from the peak.

1 comment:

El Capo said...

Swap "good news" and "bad news" if you are renting, priced out and waiting for prices to fall...