Tuesday, November 24, 2009
From earlier today, the latest data for the S&P Case-Shiller Home Price Index in which another overall monthly increase was reported but where the upward momentum is fading fast. In the August data, 17 of the 20 cities posted monthly increases, whereas, in the September data only 9 cities saw gains.
By the way, isn't there something seriously wrong with home prices in the greater Washington D.C. area - the money printing and bailout capital of the world - being the ones that have held onto the most gains in this decade.
Oh well, it's probably better than the New York area holding up best.