Home Prices Plummet

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Home Prices Plummet

Posted on Aug 28, 2007

If you’re caught up financially in the housing bubble (who isn’t these days?), you might want to skip this item. Home prices have fallen by 3.2 percent—the sharpest drop in 20 years, while the median price for homes has gone down for the 12th consecutive month—another record. That’s not good news for a market eager to return to the good ol’ days of easy loans and overpriced homes.

AP:

U.S. home prices fell 3.2 percent in the second quarter, the steepest rate of decline since Standard & Poor’s began its nationwide housing index in 1987, the research group said Tuesday.

The decline in home prices around the nation shows no evidence of a market recovery anytime soon, one of the architects of the index said.

MacroMarkets LLC Chief Economist Robert Shiller said the declining residential real estate market “shows no signs of slowing down.”

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By marta80, December 28, 2010 at 5:41 pm Link to this comment

this article is a piece of work. i don’t have any problems with the furniture, but i will keep in mind your advice. if you will do like me, maybe you won’t have these problems. i buy my furniture and my Office Chairs from a reliable source.

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By mary, August 29, 2007 at 1:01 pm Link to this comment

What’s even more fun is listening to the cable news “Financial Experts” tell us there’s no housing slowdown, just a bump in the road. Anybody could see this coming over a year ago. My personal favorite is listening to Realtors push for people to buy high now. Hold on people, prices are still falling and no Realtor will tell you to wait. They know very well housing prices have long been inflated. Another industry with no integrity…....

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By GW=MCHammered, August 29, 2007 at 7:50 am Link to this comment
(Unregistered commenter)

Congress turns loose the dogz-ov-capitalizing then promises to reign them in for us. Good God, ya’all! Can’t we afford better actors?

Homes only skyrocket when congress and the fed pump lucre into the market. It’s a counterfeit roller coaster. Follow the 3-Cs to the next bubble: capital and congressional cronies.

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