Home price gains since spring 2009 vanish
The home price gains made after the housing market bottomed in spring 2009 have vanished, with 10 cities posting fresh lows in February, according to a closely watched index that tracks home prices in America's biggest metropolitan areas. The Standard & Poor's/Case-Shiller index for 20 major U.S. cities, released Tuesday, came within a hair of its previous bottom hit in April 2009. The renewed drop in home prices indicates the nation's housing woes continue despite a recovery in the broader economy. "There is very little, if any, good news about housing. Prices continue to weaken, while trends in sales and construction are disappointing," said David M. Blitzer, chairman of the index committee at Standard & Poor's.
Tuesday, April 26, 2011
Everything's great at Goldman-Sachs, and you're right back where you started, so I don't know what your whiny problem is all about: