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Home prices gain for fifth month in June: S&P

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  • William Matz | | 02 Sep 2012, 12:53 AM Agree 0
    First, when prices have dropped 50% or more, increases of .9% or 2.3% are negligible. Better than drops, of course.

    Second, having just reviewed an extensive dissection of Case-Shiller data, I noticed a curious thing. Regardless of how high prices got in the bubble, nearly all areas have returned to prices that are about 150% of 2000 levels. The areas that rose much higher have fallen more. Areas that rose less have fallen less. But all except basket cases like Detroit are oddly back to about the same 140-160% of 2000 prices.
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