Why U.S. house prices won’t recover
Taking inflation into account, home prices are down to 1895 levels
By Jack Hough
When will U.S. house prices recover? Likely never. But that’s no reason not to buy.
The latest S&P/Case-Shiller numbers, reported last week, show that prices in 20 major markets declined 3.5% over the year through February. They’re now back to 2002 levels. If we subtract for inflation, they’re back to 1998 levels.
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Total BS!prices for single family homes are still to high,that's why banks wont lend for them.
ReplyDeleteIf that's true, it's a good thing!
ReplyDelete