Clear CapitalTM Reports Sudden and Dramatic Drop in U.S. Home Prices = Shows a Two-Month 5.9% Price Decline a Magnitude and Speed of Decline Not Seen Since Mar 09

[mEDITate-OR:
try to remember how to swim when everyone around you is sinking...
As this shows U.S. Clear Capital repeat sales index is tracking with Case-Shiller
but is about 3 months ahead of them in reporting numbers.

Disirregardless, this is NOT very good news.
In AZ this is also showing, bcuz post tax credit listings prices are being cut
larger and more of them than while the credit was available.
This suggests that these off-peak Winter sales will continue going down.
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First Index Report for October Shows a Two-Month 5.9% Price Decline Representing a Magnitude and Speed of Decline Not Seen Since March 2009; Similar Declines Expected to Appear in Other Industry Indices in Coming Months
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Clear Capital: "Sudden and Dramatic Drop in U.S. Home Prices"
http://www.calculatedriskblog.com/2010/10/clear-capital-sudden-and-dramatic-drop.html
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Market Alert: Clear Capital^TM Reports Sudden and Dramatic Drop in U.S. Home Prices
http://www.marketwire.com/press-release/Market-Alert-Clear-Capital-Reports-Sudden-and-Dramatic-Drop-in-US-Home-Prices-1339566.htm
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