Real Estate Prices Back to 2004 Levels
The Standard & Poor's/Case-Shiller home price index of 20 cities fell by 15.3 percent in April versus a year ago, according to Tuesday's report. Prices nationwide are at levels not seen since August 2004.
The Standard & Poor's/Case-Shiller narrower 10-city index also declined 16.3 percent in April, its biggest decline in its more than two-decade history.
In another report from the Office of Federal Housing Enterprise Oversight showed that U.S. home prices fell 4.6 percent in April from the same month last year. That marked the biggest decline ever in the agency's monthly index which dates back to January 1991. downtown San Diego California real estate brokers
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4 Comments
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It’s just surprising that so many people with the clear signs that were present in 2004 and 2005 didn’t say that the San Diego real estate bubble was about to bust!
Los Angeles Attorney
Mark these words, it will be much worse that the ‘73-’75 recession, it will very likely be worse than the Great Depression, but will be a depression, a real depression. A morning’s worth of true, overall. thoughtful research will convince anyone willing to face the truth.
SD Real Estate
Yes house prices might fall even more than during the great depression but maybe there are just different drivers and each depression will be driven by completely different circumstances. Maybe a recession would not be a bad thing over the long run.
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