Housing Prices Keep Dropping. And They’re Not Done Yet

Thursday, January 29, 2009

The median sales price of existing homes fell to $175,400 in December, down 15.3% from a year earlier, according to the National Association of Realtors (NAR). And the S&P/Case-Shiller index shows that home prices in 20 cities fell 18.2% in November compared with the year before. Both measures make houses about as expensive as they were in 2004.

This entry was posted on Thursday, January 29th, 2009 at 1:24 pm and is filed under Financial crisis, Sex & Metropolis. You can follow any responses to this entry through the RSS 2.0 feed. | 391 views | Trackback | Print this page |

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Housing Prices Keep Dropping. And They’re Not Done Yet

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