Back To The Future-Buying A Home Today At 2003 Prices!

The article below, will give you the real facts about the housing market-“Don’t Believe What You Think You Know”

Despite all the recent positive news headlines about the economy, (some true), the fact of the matter is that housing remains in a doom and gloom realm of reality.  The most recent Standard & Poor’s, Case-Shiller composite home price index showed home prices fell in all 20 cities that the index tracks in October from the previous month.

New data from federal regulators show that the nation’s largest Banks and Thrifts, repossessed nearly 187,000 homes during the third quarter of 2010.  The number of foreclosures completed during the three-month period is up 14.7 percent from the previous quarter and is 57.5 percent more than a year earlier.

On The Street Economics-Where The Real Experts Live!!

Conflicting views on the housing market I’m afraid, will be around for a long time.  Unless, of course you work on the street, in the trenches so to speak.  There, you will see and witness on a daily basis, the Real Reality of Real Estate.

S&P Index Records Sharpest Drop in Home Prices Since 2009.

Related articles

• Case-Schiller Index underlines new US housing trend (telegraph.co.uk)
• Shiller: Expect home prices to decline in 2011 (investmentpostcards.com)
• Case-Shiller Index Data Shows Home Prices Are Falling (bloggingstocks.com)
• Home Prices in U.S. Decrease More Than Forecast (businessweek.com)

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