- Sep 29, 2000
- 70,150
- 5
- 0
Link
2.8% in a single month is quite crazy-talk.
How far are we from where we ought to be based on historical trends and the normally cemented relationship between home values and incomes that have held over decades? Surely we're pretty darn close.
Prices of U.S. single-family homes in January plunged a record 19.0 percent from a year earlier, indicative of a housing market that is still in the throes of a deep recession, according to the Standard & Poor's/Case-Shiller Home Price Indices.
Home For Sale - Reduced Priced
The composite index of 20 metropolitan areas fell 2.8 percent in January from December
2.8% in a single month is quite crazy-talk.
How far are we from where we ought to be based on historical trends and the normally cemented relationship between home values and incomes that have held over decades? Surely we're pretty darn close.