Thursday, April 01, 2010
In Case You Were Looking for Good News ...
...Standard and Poors Case-Shiller reports that their home price index is improving comparing January 2010 to December 2009. S&P reports that their ten city composite is almost unchanged from where it was 12 months ago (which is a heck of a lot better than a decline). Home prices are trending up in most cities despite a national average 2.5% dip.
On the other hand, it also revealed the sobering fact that 25% of home loan holders are under water. No fooling.