Tuesday, January 3, 2012

S&P: Home prices back to 2001 levels

Current home prices when adjusted for inflation are back to 2001 levels, suggesting the high prices experienced over the past decade did little to effectuate significant long-term gains, according to David Blitzer, chairman of Standard & Poor's index committee.
Blitzer said the rapid increase and decline in home prices did nothing S&P: Home prices back to 2001 levels: [...]

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