"'Home prices, which peaked in mid-2006, continued their decline in 2009,' says David M. Blitzer, Chairman of the Index committee at Standard & Poor’s. 'There are very few bright spots that one can see in the data. Most of the nation appears to remain on a downward path, with all of the 20 metro areas reporting annual declines, and nine of the MSA’s falling more than 20% in the last year. Indeed, the two composites are very close to that rate and have been reporting consecutive annual record declines since October 2007. The monthly data follows a similar trend, with the 10-City and 20-City Composite showing thirty consecutive months of negative returns.'"
Tuesday, March 31, 2009
Posted by Harriet at 2:24 PM