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Morgan Stanley sees San Francisco housing double-dip, NY gains

Posted on 06 August 2010

From Bloomberg: San Francisco home prices declined in May and New York values rose even as the S&P/Case-Shiller Index showed the opposite, Morgan Stanley said in a report.
San Francisco prices fell 1.2 percent while New York gained 0.8 percent in May, Morgan Stanley said in the report, which looked at homes that weren’t in foreclosure or involved in a short sale, in which a buyer pays less than the amount owed on the mortgage and the bank agrees to take a loss……………………………………….Full Article: Source

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