Saturday, February 26, 2011

Home prices hit post-bust lows in most big cities + Home prices near 2009 lows, down 4.1% -- and may fall more

[mEDITate-OR:
think that all of U.S. are equal....
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What is very clear is that the "double dip" is in full force.
The time "delayed" RE report are only catching up to what the more current reports have been telling U.S. since the end of the Buyer's Tax Credit program.
But, it might be even worse than we think.
Most sales are now by "cash" investors and of the lowest REO foreclosure properties. But, with prices falling, once again, they may be backing back out of the markets. This might be in free fall again.
MOG
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If you don't believe it, below are city by city current reports.
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La-fi-case-shiller
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Home prices hit post-bust lows in most big cities
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Home prices near 2009 lows, down 4.1% -- and may fall more
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Las Vegas home prices tumble to 1999 levels, report says
Metro Detroit home prices sink 9.4%
Chicago home prices hit post-bust low
Atlanta home prices fell 8% in 2010
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Dallas-area home prices dropped for sixth straight month in December
DFW, US home prices fell in December
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Washington-area home prices rise 4.1% in past year
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