Tuesday, December 27, 2011

Home Prices Hit New Post-Bubble Low

Home prices hit a new post-bubble low in October, 2011.

Prices in Las Vegas have -- from the peak -- lost 61.3% of their value.

Prices in Dallas have -- from the peak -- lost 8.8% of their value.

Washington D.C. is the ONLY city among the 20 cities studied by Case Shiller which has shown rising home prices over each of the last 3 years (the duration of the Obama administration). Anybody surprised?

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Click here to understand what caused this mess.
Posted by SBVOR at 8:57:00 AM

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