According to Standard & Poor’s Case-Shiller Home Price Indices, housing prices are showing renewed weakness despite rebounding slightly from last year’s numbers. Home prices fell 3.2 percent in the first quarter of 2010, but were up 2 percent year-over-year. David M. Blitzer, chairman of the index committee at Standard & Poor’s, said it was especially disappointing that recent gains in sales and starts didn’t carry over to home prices. More here and here.
Theresa Springer’s Blog
Home Prices Drop In 1st Quarter
May 25, 2010
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