A Positive Thing In The Long Run For California

The Voice of San Diego reports from California. “In the sharpest price drops recorded since two economists developed their popular method to track housing prices in the 1980s, local home prices declined a steep 16.8 percent from a year earlier and 21 percent from the peak in November 2005, according to the Standard & Poor’s/Case-Shiller home price index. The index for January, released Tuesday, marked the fourth straight month of yearly double-digit plunges for local prices.”
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Original Source: thehousingbubbleblog.com

  26 March, 2008| housingblogs | @ 23:59

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