Home Prices Down 0.7% YoY in January
The latest Case-Shiller data is out. Home prices for the 12 months ending in January 2010 were near flat at -0.7%. Here’s a longer term view.
The trend does appear to be positive, but we’ll see what happens if/when the home buyer tax credits end in April. And what effect Bernanke pulling out of the MBS market has on rates. And how the Option-ARM peak plays out.
h/t Big Picture.
2 Comments
Isn’t this the same reason why Markopolos called SEC the biggest bunch of idiots in existence vis-a-vis their performance in the Madoff debacle?
http://tinyurl.com/ybolcfj
It’s Ponzimonium in the Gold Market
The Commodity Futures Trading Commission, a U.S. government
regulatory agency, held hearings in Washington D.C. in late March
regarding position limits in the futures market.
People involved in the markets have known/suspected for years that
they have been manipulated by certain large entities, notably JP
Morgan and Goldman Sachs.
http://tinyurl.com/y8wef5s