S&P: US Home Price Decline Accelerates: Financial News - Yahoo! Finance
Every article I read with this or a similar headline says that this must be the bottom. But the next week there is another slide.
EW YORK (AP) -- The decline in U.S. home prices accelerated nationwide in July, posting the steepest drop in 16 years, according to the S&P/Case-Shiller home price index released Tuesday. Home prices have fallen by more every month since the beginning of the year.
Yet some markets seem to have not gotten the message and have seen only modest pull-backs in price (or even slight increases). More importantly, this is also changing the mix of housing that is being constructed. See http://www.washingtonpost.com/wp-dyn/content/article/2007/09/26/AR2007092602522.html?hpid=topnews
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