Home prices continue to slip
Housing prices are at 2003 levels, analysts say.
January 25th, 2011
11:26 AM ET

Home prices continue to slip

Home prices continued their slump in November, falling 1% compared with October, according to the latest S&P/Case-Shiller Home Price Index of 20 metro markets.

San Diego was the only market that didn't slip, posting a slight gain of 0.1%. The overall index fell for the fifth straight month and prices are at about the same level they were in mid-2003.

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soundoff (7 Responses)
  1. DerpDiggler

    You'd think with houses so cheap, even blacks could afford it.

    You'd think that.

    January 25, 2011 at 12:07 pm | Report abuse |
  2. Cesar

    Oh look what crawled out from under the rock. This DerpDigger character is such a fan of equal rights and fair treatment for all. What a guy.

    January 25, 2011 at 12:12 pm | Report abuse |
  3. Big Game James

    @DerpDiggler What does that mean? Only black people are poor? Please shove that "opinion" back where you pulled it out of!

    January 25, 2011 at 12:14 pm | Report abuse |
  4. Cesar

    I don't think he can, his b*tt is too tight.

    January 25, 2011 at 12:19 pm | Report abuse |
  5. Nampa

    For Sale Home with lighted crap sign outside...

    January 25, 2011 at 12:20 pm | Report abuse |
  6. Hangtonie

    Housing prices at 2003 levels? Who are they kidding? Maybe 1983 levels

    January 25, 2011 at 3:06 pm | Report abuse |
  7. Jim Robertson

    While some economists are touting this as a sign of a pending double dip in the American real estate market, it is quite clear that many cities have not seen a price recovery of any kind since the downturn began.

    Las Vegas, Nevada has seen among the greatest realignments in real estate prices among major U.S. cities. The median house price has dropped an average of nearly 60 percent since 2005 and in the month of December alone, one in 76 homes were under foreclosure. As well, the city is suffering from one of the worst employment situations in America.

    Here’s a look at a devastated real estate market with some examples of homes that have dropped in value by over 75 percent:

    http://viableopposition.blogspot.com/2011/01/las-vegas-one-hurting-real-estate.html

    January 25, 2011 at 3:57 pm | Report abuse |