Posted by: arnegrim | April 26, 2011

Double-dip?

“Home prices are falling in most major U.S. cities, and at least 10 major markets are at their lowest point since the housing bubble burst.

The Standard & Poor’s/Case-Shiller 20-city index shows price declines in 19 cities from January to February. The index fell for the seventh straight month. Prices fell at a faster rate in 11 markets in February compared with the previous month.

High unemployment, stricter lending rules and fears that prices will fall further are among the reasons why few people are buying and selling homes. A record number of foreclosures are forcing down home prices in most metro areas, and prices are expected to keep falling through this year.

http://news.yahoo.com/s/ap/20110426/ap_on_bi_ge/us_home_prices

https://arnegrim.wordpress.com/2011/01/13/housing-crisis-to-grow/

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