(Not) Breaking News: Housing Woes Continue
June 25th, 2008 by Buck Woodford
The latest Case/Shiller S&P data (for April — seems dated but whatever) showed home prices down an average of 15% from the year before. That’s huge. Vegas was the worst, losing 26.8% ! Interestingly, Charlotte fared the best, at breakeven.
Even NFL players’ homes aren’t selling well. Ousted Cincinnati Bengal Chris Henry’s house cleared the market at 2/3 of appraised value — and the bank itself was the only bidder ! Does that even count as a “sale” ?
