Record Declines in Home Prices Continue

Tuesday, March 25, 2008 | 10:02 AM

Through January 2008, declines in the prices of existing single family homes posted record low annual declines.

“Unfortunately it does not look like early 2008 is marking any turnaround in the housing market, after the declining year recorded throughout 2007,” says David M. Blitzer, Chairman of the Index Committee at Standard & Poor's. “Home prices continue to fall, decelerate and reach record lows across the nation. No markets seem to be completely immune from the housing crisis, with 19 of the 20 metro areas reporting annual declines in January and the remaining – Charlotte North Carolina – eking out a benign 1.8% growth rate."

I believe that falling prices -- along with falling industry -- will ultimately be healthy, eventually returning real estate markets to more normalized sustainable levels somewhere off in the future.



Graphic courtesy of S&P/Case-Shiller Home Price Indices



Table courtesy of TFS Derivatives


Record Declines in Home Prices Continued in 2008
S&P/Case-Shiller Home Price Indices
March 25, 2008

Tradition Financial Services, Inc. / TFS Derivatives Corp.
March 25, 2008


Tuesday, March 25, 2008 | 10:02 AM | Permalink | Comments (36) | TrackBack (0) add to | digg digg this! | technorati add to technorati | email email this post



TrackBack URL for this entry:

Listed below are links to weblogs that reference Record Declines in Home Prices Continue:


we are slightly closer to the bottom, but still nowhere near it. Wachovia filling the air with ads for pay-option mortgages tells me lessons have not been learned.

Posted by: Dee Leverage | Mar 25, 2008 10:19:19 AM

The comments to this entry are closed.

Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      


Complete Archives List



Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:

Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo



Odds & Ends

Site by Moxie Design Studios™