Tumblr Icon RSS Icon

Home Prices Stop Falling, But Why?

By Matthew Yglesias  

"Home Prices Stop Falling, But Why?"

Share:

google plus icon

New Case-Shiller data has the decline in housing prices coming to an end:

case-shiller

Which naturally raises the question: Why? Prices aren’t back down to their baseline level. Felix Salmon says “If housing kept track with CPI inflation, the Case-Shiller index would be at 125 now; in fact, it’s at 140.” What’s more, there’s still lots of unsold inventory. Common sense says prices need to keep falling until all the recently-built, currently-vacant houses can be sold off.

Tags:

‹ Tuesday Screeching Weasel Blogging

The Philippines as Strategic Blunder ›

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.