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An honest look at the Real Estate, Credit and Economic landscape in the U.S. and around the World.

Too little time is a bad thing in general, and a lack of time truly kills a blog. After a good start, The Real Estate Realist got quite dusty. Just too little time to make frequent, good posts.

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    May
    27th
    Tue
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    US home prices drop at sharpest rate in 20 years - Yahoo! News

    U.S. home prices dropped at the sharpest rate in two decades during the first quarter, a closely watched index showed Tuesday, a somber indication that the housing slump continues to deepen. Standard & Poor’s/Case-Shiller said its national home price index fell 14.1 percent in the first quarter compared with a year earlier, the lowest since its inception in 1988. The quarterly index covers all nine U.S. Census divisions. The narrower indices also set record declines. The 20-city index tumbled 14.4 percent during the quarter, the lowest since that index was started in 2001. The 10-city index plunged 15.3 percent, a record in its 20-year history. “There are very few silver linings that one can see in the data. Most of the nation appears to remain on a downward path,” said David Blitzer, chairman of S&P’s index committee. Nineteen of the 20 metro areas reported annual declines, with 15 of them posting record lows. Six metro areas lost more than 20 percent.