Subscribe

Cheap Home Sweet Home

Houses were once thought to be one of the safest and most secure refuges for investment, but a key index is debunking that notion: The price survey shows that housing prices in 20 major U.S. cities fell by a record 18 percent over the past year.


The BBC:

House prices in 20 US cities fell by a record annual rate of 18.04% in October, according to a closely-watched home price survey.

The index shows that prices of homes [are] continuing to fall across the US with many areas showing record price falls.

David Blitzer, of Standard & Poor’s said: “Home prices are back to their March 2004 levels.”

The S&P/Case-Shiller index measures the prices of existing family homes in 20 metropolitan areas across the US.

Read more

Now you can personalize your Truthdig experience. To bookmark your favorite articles, please create a user profile.

Personalize your Truthdig experience. Choose authors to follow, bookmark your favorite articles and more.
Your Truthdig, your way. Access your favorite authors, articles and more.
or
or

A password will be e-mailed to you.

Statements and opinions expressed in articles and comments are those of the authors, not Truthdig. Truthdig takes no responsibility for such statements or opinions.