Wednesday, May 28, 2008

Housing Prices Continue to Fall

Unless you've been living under a rock, or really practicing too much yoga, you're well aware that housing prices everywhere are falling. But here's a concise explanation of why this trend will keep going:

Video: Standard & Poor's David Blitzer explains why housing prices are expected to continue to fall.

This is a recap of the latest numbers from the 20 City Case-Shiller Index, which analysts consider indicative of the health of the US housing market.

Of course, a local RE agent will remind you that C'ville's not on the Index. The intelligent response to this is "Duh." The City is too small. It merely has a bubble equivalent to that of any major city. And as in major cities, the bubble is bursting.

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