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05-28-2009, 05:11 AM #1
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Home Prices Down 32% from Peak
Home Prices Down 32% from Peak
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by: Rolfe Winkler, CFA May 26, 2009
Rolfe Winkler, CFA
Case-Shiller data for March was released today. The picture is still ugly. The Composite 10 and Composite 20 Indices continued to fall, down 2.1% and 2.2% respectively when compared to February. Since the peak of the housing bubble, the composite 20 is now down 32%.
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05-28-2009, 08:37 AM #2
Overvalued house profit the banks, towns, counties, state, federal, and corporate America.
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05-28-2009, 01:01 PM #3
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The headline should read: Housing prices finally normalizing.
Greedy investors and banks ruined the industry.We see so many tribes overrun and undermined
While their invaders dream of lands they've left behind
Better people...better food...and better beer...
Why move around the world when Eden was so near?
-Neil Peart from the song Territories&
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