Single Family Home Values Dip Slightly
Home values declined in August according to the Case Shiller Value Index which I track monthly. It could be that the three previous months' of gains were attributed to the buying frenzy created by the home-buyer tax credit (remember that?). Transactions eligible for the credit needed to be closed by the end of July so it might be that August (the most recent month reported by the Index) represents a return to 'normal'. I'm afraid optimism for a break-even year on value is waining.
Tuesday, October 26, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment