Sunday, July 10, 2011

House - go ahead - BUY and CRY > USA?

On June 3, Standard and Poor’s issued the latest update to its Case-Shiller Home Price series.
The press release begins, “Data through March 2011 ... show that the U.S. National Home Price Index declined by 4.2% in the first quarter of 2011, after having fallen 3.6% in the fourth quarter of 2010. The National Index hit a new recession low with the first quarter’s data and posted an annual decline of 5.1% versus the first quarter of 2010.”
Then comes the key statement: “Nationally, home prices are back to their mid-2002 levels.”


Uber Editor: 


Vancouver, Toronto and some place in OZ and China will crash like The Sunday News of the World.

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