4 replies to this topic

[relax]

U.S. home prices fall for first time in 15 years U.S. home prices fell 1.4% in the first quarter compared with a year earlier, the first year-over-year decline since 1991, according to the S&P/Case-Shiller home price index released Tuesday. A year ago, home prices were rising at an 11.5% pace. The 10-city price index fell 1.9% year-on-year through March, while the 20-city index dropped 1.4%. Thirteen of 20 cities have seen falling prices in the past year, led by Detroit and San Diego. Home prices rose 10% in Seattle. The national decline "is reaffirmation of the pullback in the U.S. residential real estate market," said Robert Shiller, chief economist for MacroMarkets LLC, and co-inventor of the index. Bad news is good news, that was what last week taught us

[Tor]

U.S. home prices fall for first time in 15 years

U.S. home prices fell 1.4% in the first quarter compared with a year earlier, the first year-over-year decline since 1991, according to the S&P/Case-Shiller home price index released Tuesday. A year ago, home prices were rising at an 11.5% pace. The 10-city price index fell 1.9% year-on-year through March, while the 20-city index dropped 1.4%. Thirteen of 20 cities have seen falling prices in the past year, led by Detroit and San Diego. Home prices rose 10% in Seattle.

The national decline "is reaffirmation of the pullback in the U.S. residential real estate market," said Robert Shiller, chief economist for MacroMarkets LLC, and co-inventor of the index.

Bad news is good news, that was what last week taught us

Yes, looks that way. Poor news means rate pause or cuts ahead. Inflation moderating. Liquidity positive and also corporate activity now picking up. Its like 1987!!

[relax]

marketwatch are trying like crazy to get the negative story out - obviously someone wants to get in the market

think this week will be really good

long time since i've seen them trying this hard

today it's "Stocks seen wilting if rate-hike concerns heat up"

U.S. home prices fall for first time in 15 years

U.S. home prices fell 1.4% in the first quarter compared with a year earlier, the first year-over-year decline since 1991, according to the S&P/Case-Shiller home price index released Tuesday. A year ago, home prices were rising at an 11.5% pace. The 10-city price index fell 1.9% year-on-year through March, while the 20-city index dropped 1.4%. Thirteen of 20 cities have seen falling prices in the past year, led by Detroit and San Diego. Home prices rose 10% in Seattle.

The national decline "is reaffirmation of the pullback in the U.S. residential real estate market," said Robert Shiller, chief economist for MacroMarkets LLC, and co-inventor of the index.

Bad news is good news, that was what last week taught us

Yes, looks that way. Poor news means rate pause or cuts ahead. Inflation moderating. Liquidity positive and also corporate activity now picking up. Its like 1987!!

[redfoliage2]

U.S. home prices fall for first time in 15 years

U.S. home prices fell 1.4% in the first quarter compared with a year earlier, the first year-over-year decline since 1991, according to the S&P/Case-Shiller home price index released Tuesday. A year ago, home prices were rising at an 11.5% pace. The 10-city price index fell 1.9% year-on-year through March, while the 20-city index dropped 1.4%. Thirteen of 20 cities have seen falling prices in the past year, led by Detroit and San Diego. Home prices rose 10% in Seattle.

The national decline "is reaffirmation of the pullback in the U.S. residential real estate market," said Robert Shiller, chief economist for MacroMarkets LLC, and co-inventor of the index.

Bad news is good news, that was what last week taught us

Amid the bottoming hype, I see this is jsut a bad start since a cycle in housing market is not just one or two years.

Edited by redfoliage2, 29 May 2007 - 01:36 PM.

[relax]

Agree!

was surprised to see that this was the first quarter of falling prices - things can really get worse and just as you said it will take years for it to bottom out

U.S. home prices fall for first time in 15 years

U.S. home prices fell 1.4% in the first quarter compared with a year earlier, the first year-over-year decline since 1991, according to the S&P/Case-Shiller home price index released Tuesday. A year ago, home prices were rising at an 11.5% pace. The 10-city price index fell 1.9% year-on-year through March, while the 20-city index dropped 1.4%. Thirteen of 20 cities have seen falling prices in the past year, led by Detroit and San Diego. Home prices rose 10% in Seattle.

The national decline "is reaffirmation of the pullback in the U.S. residential real estate market," said Robert Shiller, chief economist for MacroMarkets LLC, and co-inventor of the index.

Bad news is good news, that was what last week taught us

Amid the bottoming hype, I see this is jsut a bad start since a cycle in housing market is not just one or two years.