31.10.2012 - Is the housing market better off than it was four years ago?
There’s little debate that the housing market was in bad shape four years ago—prices, after all, had been falling for 2˝ years at a rate not seen since the Great Depression. But there’s considerable disagreement about whether the market is better off today, a debate fueled by this year’s presidential race. One imperfect but popular gauge of the housing market, the S&P/Case-Shiller index, shows how home prices in the 20 cities tracked by the index compare with their level of January 2009, after adjusting for seasonal factors...............................................Full Article: Source
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