Seattle area home prices dropped 16.4% in March compared to last year at the same time according to the Standard & Poor’s Case-Shiller Home Price Index.
Just between February 09 and March 09 home prices dropped 2%.
In July 2008, research for the National Housing Federation claimed the downturn would be over by 2010 with home prices rising 25% in the 5 years following. It predicts a rise of 5.2 per cent in 2012 and 9 per cent in each of the following two years.
Thank you to KIRO.
Showing posts with label housing. Show all posts
Showing posts with label housing. Show all posts
Tuesday, May 26, 2009
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