June 30th Case Shiller by city (fee, prices, states, default)

[cohdane]

Here it is for all the folks who like it to be posted:

A Look at Case-Shiller Numbers, by Metro Area (June 2009 update) - Real Time Economics - WSJ

[cleanhouse]

Originally Posted by cohdane

Here it is for all the folks who like it to be posted:

A Look at Case-Shiller Numbers, by Metro Area (June 2009 update) - Real Time Economics - WSJ

Do not expect this "less bad" trend to continue.
Forsclosures are still coming in massive waves.

Delinquencies Double on Least-Risky Loans, U.S. Says (Update1) - Bloomberg.com

[chet everett]

STRIKING IMPROVEMENT QUOTE FROM SCHILLER!!!

Yale’s Shiller Sees ‘Improvement’ in Rate of Home-Price Decline - Bloomberg.com

[Brave Stranger]

This is nothing.........with 11% unemployment by next spring home prices will keep falling.

[London Girl]

Originally Posted by Brave Stranger

This is nothing.........with 11% unemployment by next spring home prices will keep falling.

Indeed.

There are too many other factors exerting downward pressure on prices.

I cannot see things improving in RE for years. Even if a true "bottom" is eventually reached it could take several years before prices even return to today's levels

And goodness only knows what sort of state the $US will be in by then.

[Brave Stranger]

Originally Posted by London Girl

Indeed.

There are too many other factors exerting downward pressure on prices.

I cannot see things improving in RE for years. Even if a true "bottom" is eventually reached it could take several years before prices even return to today's levels

And goodness only knows what sort of state the $US will be in by then.

A lot of states are now raising taxes. Massachusetts just added one billion in new taxes with talk of more to come NH has gone up on every fee in the state ! Many other states are also ready to tax billions more away from its citizens. It all starts tomorrw in many states as they enter a new fiscal year. We are starting to see major hotel defaults all over America. i believe we will be in worse shape next June than we are this June.