Up until three or so years ago, a statistic of just under 10% decline in single family home value would've caused pandemonium and panic. Today's year-end number from the Case Shiller Value Index of 9.91% decline for 2009 has only to be compared to 2008's 28.79% drop to find the silver lining. December's monthly depreciation was just a bit less than three-tenths of one percent, again a far cry from monthly depreciation of as much as 4.5% in 2008.
So another year, one of RECOVERY this time, is behind us. It's going to be a bumpy ride in 2010 but sales volume remains high, the inventory of unsold homes has gone way down and if we start to see some recovery in the economy; we'll be on our way again.
Posts
No comments:
Post a Comment