Average home prices slumped 5.1pc in the first quarter of the year from the same period in 2010, the latest report from the S&P Case-Shiller index showed yesterday.
The index’s reading of 125.41 for the quarter was the lowest since house prices began falling in the summer of 2006.
The report “is marked by the confirmation of a double-dip in home prices across much of the nation,” said David Blitzer, chairman of the committee that puts together the report. “Home prices continue on their downward spiral with no relief in sight.”
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- “Case-Shiller Home Price Index Shows March Double Dip” and related posts (thenewspundit.com)
- “More Bad News for Banks as Double Dip in US Home Prices is Confirmed by S&P Case-Shiller Index” and related posts (researchrecap.com)
- March Case-Shiller shows double-dip in home prices (marketwatch.com)
- ‘Double dip’ in home prices is official, and prices could drop more (csmonitor.com)
- Case-Shiller home-price index hits new low – Los Angeles Times (news.google.com)
- Home Prices Drop Into Double-Dip Territory (foxbusiness.com)
- US home prices dip below 2009 low (bbc.co.uk)
- Home Prices Double-Dip (cehwiedel.com)
- Housing prices cosmically low (americanthinker.com)
- Member of FCIC: “half of all U.S. mortgages are of inferior quality and liable to default when housing prices no longer rise” (goldgunsgeopolitics.wordpress.com)