Tuesday, April 26, 2011

U.S. Home Prices Fall Again, For 8th Month: Case-Shiller Index

March's C-SI, the most widely-watched monthly home price index in the nation, saw another y/y decline; only Washington, D.C. saw a slight rise in prices.  The Index is back at April 2009 prices, which were the lowest since 2003. 

New Home Sales for March, reported yesterday, declined 20% over 2010. 

And as per CNBC, Existing Home Sales, reported last week, saw 35% of transactions as all-cash (new record), w/ 22% to investors.  And 40% were "distressed"--short sales and foreclosures.

All of these data points = lower prices.

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