Relevant:
2008-09-30 — blogspot.com
"The July report(.pdf) on the S&P Case-Shiller Home Price Index shows the 10-City and 20-City Composite Home Price Indices at new record annual declines of 17.5 percent and 16.3 percent respectively. Price indices for all 20 cities are shown in the chart below."
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Comments:
SteveP at 05:36 2008-10-01 said:
Much of the decline can be attributed to significantly reduced numbers of fraudulent sales with "kited" contracts. What I would like to know is if you ignored all the artificially inflated "fraud for profit" transactions and only compared legit sales a year ago with legit sales this year, how much have "legit" sales declined? Permalinkadd a comment | go to forum thread
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