Tuesday, March 31, 2009

No Relief From Home-Price Drops

The Wall Street Journal reports:
Home prices continued their multiyear slide in January, according to the S&P/Case-Shiller home-price indexes, as 14 of 20 major metropolitan areas posted price declines of more than 10% from a year earlier.

The Sun Belt continues to be hit hardest, and nationally, home prices are at levels similar to late 2003.