So yesterday, S&P/Case-Shiller released their monthly Home Price Indices for January. And here's some commentary around the drop, most importantly, the problem that the "stress tests" that are being performed by the government (to figure out the solvency of the banks) are reflecting a situation that is less adverse than reality.
I'm not a home-owner, so I don't feel these issues as keenly as others. All I know is that I'm still priced out of the market, so there is inevitably more falling to go.
This is one rollercoaster ride that I'm not going to get on anytime soon.
I'm not a home-owner, so I don't feel these issues as keenly as others. All I know is that I'm still priced out of the market, so there is inevitably more falling to go.
This is one rollercoaster ride that I'm not going to get on anytime soon.
Just an FYI, the house that we tried Deed In Lieu last year for $333k (exctly what we owed) that the bank turned down is now up for $187k or 56% less. I know pimps that do better than that.
Posted by: hoppytoddle | April 01, 2009 at 08:09 PM