Examining the home price boom and its effect on owners, lenders, regulators, realtors and the economy as a whole.
Visit Housing Bubble Blog
What Something s Worth And What Someone Will Pay
Posted on May 27, 2008
Some housing bubble news from Wall Street and Washington. Reuters, Prices of single-family homes plunged a record 14.1 percent in the first quarter from a year earlier, marking a pace five times faster than the last housing recession, the Standard & Poor s/Case Shiller composite index of 20 metropolitan areas (showed). Housing markets that grew the most during the housing boom, such as Las Vegas, Nevada and Miami, Florida, are leading the decline, S&P said. S&P said its composite index of 10 metropolitan areas declined 2.4 percent in March, for a record 15.3 percent year-over-year dr...
Original article link
Subscribe to Housing Bubble Blog