The S&P Case Shiller home price index shows a -3.8% decline from a year ago over 20 metropolitan housing markets and a -3.9% decline for the top 10 housing markets from January 2011. Home prices are back to January 2003 levels and both composite indices hit, yet again, new lows.
The S&P Case Shiller home price index shows a -4.0% decline from a year ago over 20 metropolitan housing markets and a -3.9% decline for the top 10 housing markets from December 2010. Home prices are back to early 2003 levels and new index lows. S&P itself has woken up and realized home prices have not yet reached a bottom.
The S&P Case Shiller home price index shows a -3.7% decline from a year ago over 20 metropolitan housing markets and a -3.6% decline for the top 10 housing markets from November 2010. Home prices are back to early 2003 levels. S&P on the continued falling home prices:
The S&P Case Shiller home price index shows a -3.4% decline from a year ago over 20 metropolitan housing markets and a -3.0% decline for the top 10 housing markets from October 2010. Home prices are back to early 2003 levels.
The S&P Case Shiller home price index shows a -3.9% decline from a year ago over 20 metropolitan housing markets and a -3.3% decline for the top 10 housing markets from September 2010. Home prices are back to Q1 2003 levels.
At the end of June nearly 1/4 of all homeowners with mortgages owed more on their homes than the home was worth.
Some 24% of owner-occupied homes had mortgage debt that exceeded the values of those homes at the end of June, according to data from Equifax and Moody’s Economy.com. That number rises to 32% when looking at the share of homeowners with mortgages that don’t have equity left in their homes.
Overall, 16 million homeowners are “upside-down” on their mortgages, up from 10 million, or 15% of owner-occupied homes, one year ago.
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