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The Case Shiller Index Shows The Worst Price Declines Ever Recorded
2008-05-27 19:40:00 The S&P Case Shiller Index numbers were released today and it shows home prices across the country fell 14% which is the largest decline ever recorded. The index tracks 20 metropolitan areas to gain perspective on the housing market as a whole in the United States. The Tampa metropolitan area represents Orlando and it showed a ...
Case Shiller Analysis - When Was The Last Time Your City Was This Low
2008-05-27 17:14:00 The Case Shiller Report that was released today got me to thinking. The report was ablaze with how the sky is falling and the major media, and myself, jumped right through the hoop. It did get me to thinking. So I dug into the report and started looking at historical data. I wanted to see how affected markets were. Instead of looking a year out, I wanted to see when the markets were this low before. Of the cities that I could find, Cleveland’s home prices dropped the most, hitting their February, 2002 levels. Seattle has lost the least with homebuyers in June of 2006 still being on the plus side. Remember, these are the aggregate numbers, so personal experiences can be different. City March-08 Last Time This Low Atlanta 124.61 March, 2005 Boston 158.54 August, 2004 Chicago 150.35 January, 2005 Cleveland 106.42 February, 2002 Denver 127.43 February, 2004 Las Vegas 169...
S&P/Case-Shiller: Home prices keep falling
2008-05-27 15:37:00 The latest S&P/Case-Shiller Home Price Index released today has nothing bad horrible news. With the only exception of Charlotte, all the other 19 cities showed huge year over year declines. Some examples: Las Vegas -25.9%, Miami -24.6%, Phoenix -23%, Los Angeles -21.7%. This is how the media reported the news. USA Today: Home prices tumble a record 14.1% in ...
By: National Bubble
Yikes! Case Shiller Report Shows 20 Largest Metro Areas Drop 14.1 Percent I
2008-05-27 15:24:00 The news today coming from the Case Shiller index is dismal as their top 20 metro areas dropped 14.1 percent and the top 10 metro areas fell 15 percent in March from the previous year. The numbers are rough folks, but going into the spring season the perspective on potential buyers may be even worse. We have long talked about the crowd psychology affecting purchases and this news will most likely make every buyer pause. And the news is big, look at the Drudge Report from this morning. Since most media people read Drudge expect this story to have legs and lead on a very slow news day across the evening news shows and tomorrows papers. Post from: The Real Estate Bloggers Yikes! Case Shiller Report Shows 20 Largest Metro Areas Drop 14.1 Percent In Quarter
Case-Shiller: Home Price Drop Largest On Record
2008-05-27 15:23:00 From Reuters this morning: Prices of U.S. single-family homes plunged a record 14.1 percent in the first quarter from a year earlier, marking a pace five times faster than the last housing recession, according to the Standard & Poor’s/Case Shiller national home price index reported on Tuesday. The S&P/Case Shiller composite index of 20 ...
By: HousingDoom
FLASH: Here's the latest S&P Case-Shiller numbers that Lawrence Yun, the NA
2008-04-29 16:56:00 "We think the housing market has now hit bottom"- Lawrence Yun, NAR Chief Propagandist, January 2007"The BubbleBloggers will someday bawl balefully in private, but they will never, ever admit that they have been very publicly very foolish."- Greg Swann, America's Most Discredited REALTOR?, July 2006 _______________Housing prices post record declines - Las Vegas, Miami and Phoenix all saw prices plummet by at least 20%.Home prices posted another record decline, as most of the nation's largest markets suffered double-digit drops over last year, a survey released Tuesday shows.The S&P Case/Shiller Home Price Index, which tracks 20 of the largest housing markets, showed prices plummeting by 12.7% in the 12 months ending February. That's the biggest fall since the index began tracking prices in 2000."There is no sign of a bottom in the numbers," S&P spokesman said David M. Blitzer, said in a prepared statement. "Prices of single family homes continue to drop across the nation....
By: Housing PANIC
S&P/Case-Shiller: Home Prices Keep Falling
2008-04-29 15:53:00 Unfortunately, the bad housing numbers keep coming almost on a daily basis. Today, the S&P/Case-Shiller Home Prices Index was released and, as expected, the news are grim. The index shows declines in the prices of existing single family homes across the United States worsened in February 2008, with 17 of the 20 now reporting MSAs ...
By: National Bubble
February 2008 S&P Case-Shiller Index
2008-04-29 15:13:00 The S&P Case-Shiller Index is based on observed changes in home prices. It is designed to measure the increases or decreases in the market value of residential real estate.For each home sale transaction, a search is conducted to find information regarding any previous sale for the same house. If an earlier transaction is found, the two transactions are paired and are considered a ?repeat sale.? Sales pairs are designed to yield the price change for the same house, while holding the quality and size of each house constant.Sales pairs from the following counties are included in the Portland index: Clackamas, Columbia, Multnomah, Washington, Yamhill, Clark (WA), and Skamania (WA).The first graph shows the year over year changes for the month of February 2008. The index consists of 20 cities and Charlotte is the only city showing price appreciation. Click on any of the graphs for a better image.The second graph shows the one month change for each of the 20 cities. All cities showed ...
Shiller: Housing slump may exceed Depression
2008-04-29 04:54:00 Bailouts will be needed so millions don?t lose homes, top economist says NEW HAVEN, Conn. - An influential economist who long predicted the housing market bubble cautioned Tuesday that the slump in the U.S. housing market could cause prices to fall more than they did in the Great Depression and bailouts will be needed so millions ...
Shiller: Home prices could fall up to 45% in some areas
2008-04-24 13:37:00 This from Courant.com: NEW HAVEN - Robert J. Shiller began a talk Tuesday by joking about his reputation for bearing bad news. Then he offered some: Housing prices nationwide could plunge more than the 30 percent fall from 1925 to 1933, the Yale economist said, invoking the dark days of the Great Depression. “I think there’s a ...
By: National Bubble
Yale's Shiller says housing crash may exceed the Great Depression's 30% fal
2008-04-23 09:30:00 We told you what was going to happen.And then it happened.We weren't smarter than anyone. We just read Manias, Panics and Crashes.Too bad people didn't listen. Too bad people didn't do their own research. And too bad people listened to idiot realtors on commission. Hopefully they never will again.A SPECIAL MESSAGE TO ANYONE THINKING OF CATCHING A FALLING KNIFE TODAY - DON'T DO IT. WE'RE JUST STARTING. HOMEDEBTORSHIP IN THIS ENVIRONMENT IS THE WORST FINANCIAL MISTAKE YOU COULD EVER MAKE. AND DO NOT LISTEN TO ANYONE WHO WOULD EARN A COMMISSION IF THEY COULD CON YOU INTO TAKING OUT A MORTGAGE OR 'BUYING' A DEPRECIATING HOUSE.Yale’s Shiller: U.S. Housing Slump May Exceed Great DepressionYale University economist Robert Shiller, pioneer of Standard & Poor’s/Case-Shiller home-price index, said there’s a good chance housing prices will fall further than the 30% drop in the historic depression of the 1930s. Home prices nationwide already have dropped 15% since their pea...
By: Housing PANIC
Real Case-Shiller Index With SFO Added
2008-03-30 20:53:00 PDX Outsider asked me to add San Francisco to the real Case-Shiller Index. According to Case-Shiller the San Francisco metro area consists of 5 counties covering San Francisco, Oakland, and Freemont so I don't think this will really show the effects of restricting supply.
Real Case-Shiller Index
2008-03-28 19:45:00 Here is a look at the Real Case-Shiller Index. Real numbers are adjusted for inflation; nominal numbers do not take inflation into account. Almost all the data we hear is nominal but real data gives us a better indication of how real estate as an asset class performs over time.I wanted to see how Portland and Seattle compare to bubble cities such as Los Angeles and San Diego and non-bubble cities such as Dallas and Charlotte. January 2000 equals 100 for all the indices. Click on the graph for a sharper image.Portland and Seattle certainly aren?t in as bad of shape as the California markets but I don?t think you can call us a non-bubble city.California is halfway through its correction and it looks like Portland will reach that point in mid 2008. Kind of interesting to see how Dallas and Charlotte are trending down despite their non-bubble status.
Here's another shot at falling off a cliff - the Case Shiller index graph
2008-03-27 23:12:00 Doesn't look quite like a bottom here either...But what do I know? Lawrence Yun and Catherine Reagor have been so right to this point...
By: Housing PANIC
January 2008 S&P Case-Shiller Index
2008-03-26 02:02:00 The S&P Case-Shiller Index is based on observed changes in home prices. It is designed to measure the increases or decreases in the market value of residential real estate.For each home sale transaction, a search is conducted to find information regarding any previous sale for the same house. If an earlier transaction is found, the two transactions are paired and are considered a ?repeat sale.? Sales pairs are designed to yield the price change for the same house, while holding the quality and size of each house constant.Sales pairs from the following counties are included in the Portland index: Clackamas, Columbia, Multnomah, Washington, Yamhill, Clark (WA), and Skamania (WA).The first graph shows the year over year changes for the month of January 2008. The index consists of 20 cities and Charlotte is the only city showing price appreciations. Click on any of the graphs for a better image. The second graph shows the one month change for each of the 20 cities. All cities showed...
FLASH: S&P Case-Shiller index shows 11% drop in US home values. Vegas and
2008-03-25 18:52:00 Home prices only go up.There's hasn't been a fall in US home values since the Depression.It's always a great time to buy.If you don't buy now, you'll be forever priced out of the market.It's a new paradigm. It's different this time. Real estate is your safest investment.Bubbles are for bathtubs.Phoenix has year-round golf and pro athletes. And anyone who listened to an idiot realtor on commission the past few years got killed.Home prices: Down record 11% - The residential real estate market continues to deteriorate in 2008, with 20 key markets reporting steep drops.Residential real estate has posted another record decline.The S&P Case/Shiller Home Price index of 20 key markets, released Tuesday, shows that home prices plunged 10.7% in the 12 months ending January.Las Vegas and Miami reported the weakest markets in January, with each city posting an annual decline of 19.3%. Phoenix was the second worst with a decline of 18.2%.
By: Housing PANIC
January Case-Shiller Preview
2008-03-25 18:19:00 The January Case-Shiller Index was released today and Portland's Index was down 0.5% year over year and down 4% from the peak in July.I'll post the graphs tonight.
Case-Shiller Index: Monthly Declines Have Been Accelerating
2008-02-29 08:02:00 From Marketwatch this week: Home prices fell 8.9% in 2007, the largest decline in the Case-Shiller home price index in at least 20 years, Standard & Poor’s reported Tuesday. For the fourth straight month, nominal prices in all 20 Case-Shiller cities were lower than in the previous month. The 20-city index fell 2.1% in December and ...
By: HousingDoom
December S&P Case-Shiller Index
2008-02-27 16:06:00 The S&P Case-Shiller Index is based on observed changes in home prices. It is designed to measure the increases or decreases in the market value of residential real estate.For each home sale transaction, a search is conducted to find information regarding any previous sale for the same house. If an earlier transaction is found, the two transactions are paired and are considered a ?repeat sale.? Sales pairs are designed to yield the price change for the same house, while holding the quality and size of each house constant.Sales pairs from the following counties are included in the Portland index: Clackamas, Columbia, Multnomah, Washington, Yamhill, Clark (WA), and Skamania (WA).The first graph shows the year over year changes for the month of December 2007. The index consists of 20 cities and Portland is one of three currently showing price appreciations. Click on any of the graphs for a better image. The second graph shows the one month change for each of the 20 cities. All citi...
December Case-Shiller Numbers
2008-02-26 16:59:00 According to the Case-Shiller Index Portland home prices were up 1.2% in December 2007 when compared to December 2006 home prices.I'll update my graphs for you tonight...
Robert Shiller, laying it down, telling you how it's gonna be.
2008-02-07 09:55:00 A "historic housing bust" the likes of which haven't been seen since the Great Depression.Any questions?
By: Housing PANIC
Shiller on Housing: ?Like Great Depression?
2008-02-06 05:51:00 Yale Professor Dr. Robert Shiller was one of our key sources several years ago who helped us be well ahead of the curve on the real extent of the housing bubble. Here he is being interviewed about how dysfunctional the housing situation still remains. Its still the early innings, folks. Think it through! Share This
Shiller: Current Housing Bust Comprable to The Great Depression
2008-02-03 19:16:00 If you are buying or selling a home, the video below should be considered mandatory viewing.
By: OC Prudent Bears
Shiller on House Prices
2008-02-03 12:30:00 From Calculated Risk: . . I would also like to share with you an email and a series of charts I received from a reader named Kirk: Hello IrvineRenter, I thought you might find these charts interesting. I made them from the following sources: Case-Shiller Housing Price Index for Los Angeles: http://www2.standardandpoors.co-m/portal/site/sp/en/us/page.top-ic/indices_csmahp/0,0,0,0,0,0,0-,0,0,1,1,0,0,0,0,0.html Effective Federal Funds Rate, 3 Month Treasury Yield, 10 Year Treasury ...
Robert Shiller: Historic Housing Correction, Severe Recession On Tap
2008-02-03 03:12:00 Robert Shiller on Bloomberg - 1/29/07http://www.youtube.com/w-atch?v=z-on2j12c84 New York City Housing Bubble - The BIG Picture
November S&P Case-Shiller Index
2008-01-30 07:32:00 Here is the S&P Case-Shiller Index.The first graph shows the year over year changes for the month of November 2007. The index consists of 20 cities and Portland is one of three currently showing price appreciations. The 10-city composite fell 8.40% while the 20-city composite fell 7.70%.The next graph shows all historical data for the Case-Shiller Index for both Portland and Seattle.The next graph highlights the index changes since the Federal Reserve stopped lowering interest rates in June of 2003. The Portland Index is currently at 183.65, this represents an increase of 1.27% since November 2006. Portland?s index peaked in July of 2007 at 186.51; Portland currently has a decline of 1.53% since the market peak. The last time the index was this low was April of 2007.The final graph shows the year over year percent change since June of 2003.
?Record Declines in Home Prices? according to the S&P Case/Shiller report
2008-01-29 17:25:00 Every month we are looking for sign of a housing recovery but the numbers we get keep getting worse. Today, S&P Case/Shiller is out with their November S&P Case/Shiller Home Prices Indices and the new couldn’t be worse. This is in adition to the horrible news we got yesterday regarding sales of new homes. The Case/Shiller report compares ...
By: National Bubble
Shiller on NYC Real Estate: Ancient Rome Before The Fall
2008-01-17 01:04:00 Shiller on New York: We're Ancient Rome, Right Before the Fallby NY Observer - snip:...When your S&P/Case-Shiller index of home prices came out last year showing record drops, you said things hadn?t been this bad nationally since the Second World War. Yet the sub-prime mortgage scandal hasn?t much affected Manhattan. Are we immune? Firstly, you?re definitely not immune, OK? Manhattan is a unique place, and that does mean that it has different dynamics, but it?s not immune, I can guarantee you that ? If it gets too expensive in New York, people will leave it, no matter what?they can?t afford to live there. And so it?s just not true that New York will keep appreciating independently of everywhere else, I just don?t believe it. Elementary economics say people will always substitute away when the price gets too high, and so they?re doing that.What will the bursting of the real estate bubble in New York look and feel like?It will probably start showing synchrony with the rest of the...
Shiller says: good chance that this housing recession will go on for years
2008-01-08 13:45:00 Robert Shiller is a Professor of Economics at Yale University and one of the most respected experts in Real Estate. He predicted the burst of the internet bubble and have been predicting the burst of the housing bubble for the past two years. This is what Professor Schiller has said in a recent interview. American real estate ...
By: National Bubble
Are You Contributing to the Case-Shiller Decline in the Housing Market?
2008-01-04 21:08:00 I'll confess, I am contributing to the decline in the Case-Shiller reports. I am one of the reasons the October 2007 numbers on the housing market have declined by a record 6.7 percent. Now here is my question, "Are You Contributing to the Record Decline in the Housing Market Report?"
The S&P Case-Shiller Home Price Index
2008-01-04 20:19:00 The S&P/Case-Shiller Home Price Index report gets a lot of press coverage each month when it comes out. But does anyone you know including yourself take the time to find out what the data reporting criteria is for this report? If you don't know the basis on which the conclusions are being drawn then you don't understand the results of what is being reported. Most major media outlets are counting on this.
Yale Economics Professor Robert Shiller - "We are talking trillions of doll
2008-01-03 16:39:00 Unlike the jokers at Harvard and the NAR, here's someone who gets it. Thank god for bubble-busters like Shiller, Schiff, Thornberg, Roubini and Roach. I'll take the intellectual firepower and morals there any day over corrupt bubble-cheerleaders like Lereah, Yun, Bernanke and Retsinas.?American real estate values have already lost around $1 trillion [£503 billion]. That could easily increase threefold over the next few years. This is a much bigger issue than sub-prime. We are talking trillions of dollars? worth of losses.??Over the next five years, the futures contracts are pointing to losses of around 35 per cent in some areas, such as Florida, California and Las Vegas. There is a good chance that this housing recession will go on for years.??This is a classic bubble scenario. A few years ago house prices got very high, pushed up because of investor expectations. Americans have fuelled the myth that prices would never fall, that values could only go up. People believed the story....
By: Housing PANIC
Yale?s Shiller Warns Of Prolonged Housing Slump
2007-12-31 05:00:00 According to the New Year?s Eve edition of The Times (UK), Robert Shiller, Professor of Economics at Yale University, is predicting that U.S. home prices may decline for years. The co-founder of the S&P Case/Shiller house-price index said: American real estate values have already lost around $1 trillion. That could easily increase threefold over the next ...
By: Boom2Bust.com
FLASH: Ho-hum, Case/Shiller US home price report crashes faster and farther
2007-12-27 00:46:00 SUZANNNNNEEEEE!!!!!BTW, I'm reporting from housing-crash-central Arizona this week. I've got four words:"For Sale" signs everywhere.And I mean EVERYWHERE.Worst decline in American house prices may not be finished yetAmerican house prices declined at their fastest rate for more than six years in October, with homes in Miami losing 12 per cent of their value, it emerged yesterday.According to the Standard & Poor?s/Case Shiller index of house prices in the US, the value of existing, single-family homes fell 6.7 per cent in October compared with the same period the year before.The figures indicate that America?s housing recession ? already the worst for 16 years ? is far from over. Professor Robert Shiller, co-founder of the index and an economics academic at Yale University, said: ?No matter how you look at these data, it is obvious that the state of the single-family housing market remains grim.?The 6.7 per cent fall surpasses a 6.3 per cent drop in April 1991.Check out these qu...
By: Housing PANIC
The Case Shiller Index Show Record Declines in December 2007
2007-12-26 20:07:00 Prices decline to record levels for the Case-Shiller Home Price Index released today. The 10 city composite index showed a decline of 6.7% which is the largest decline ever recorded. The previous record of a 6.3% decline was recorded in April of 1991. While the 20 city composite index did not show a record, ...
Standard & Poor?s/Case-Shiller reports ?home prices down 6.7% in October?
2007-12-26 17:59:00 I always say that the Standard & Poor’s/Case-Shiller index is the best measure of the state of the housing market because, unlike the median home price, it shows the change in real home prices. Today, this October Standard & Poor’s/Case-Shiller report shows home prices going down in the largest 20 metro areas by 6.7%. Although, there ...
By: National Bubble
Shiller: ?Housing Market Remains Grim?
2007-12-26 15:27:00 The housing market continues its freefall: NEW YORK (AP) — U.S. home prices fell in October for the 10th consecutive month, declining a record 6.7 percent compared with a year ago, according to the Standard & Poor’s/Case-Shiller home price index. "No matter how you look at these data, it is obvious that the current state ...
By: HousingDoom
Robert Shiller Calls for Bold Thinking on Housing
2007-11-30 19:19:00 Robert Shiller wrote in a recent article for the NY Times, “WE have to consider the possibility that the housing price downturn will eventually be as big as that of the last truly big decline, from 1925 to 1933, when prices fell by a total of 30 percent. This crisis should be an occasion for ...
Yale?s Shiller Warns Of Major Global Correction
2007-11-29 23:26:00 Somehow, I missed this story. Didn?t see it in the mainstream financial media, as it was probably deemed too gloom-and-doom to print. On November 18, ArabianBusiness.com talked about this year?s Dubai International Financial Centre (DIFC) Week. At the gathering, Robert Shiller, the Stanley B. Resor Professor of Economics at Yale University and author of the ...
By: Boom2Bust.com
Robert Shiller warns that asset bubbles are risk to global economy
2007-11-18 04:08:00 From AME InfoRobert Shiller, Stanley B Resor Professor of Economics, Yale University, warned that possible speculative bubbles in stock, real estate and oil markets could cause instability in the global economy.'Perhaps we have gotten a little too confident in the global economic growth. The problem is high oil, stock and real estate prices. There is a question about whether all this can be explained by low interest rates. This is a question that I can't authoritatively answer. But I believe that a substantial part is speculative bubble thinking. We have gotten too confident of the prices in these markets.''The unwinding of these markets is the most serious risk facing these markets today,' he said.In explaining his comments, he suggested that high oil prices are a concern for the world economy, since prices are at all-time or near all-time highs. He noted that although oil may play a smaller part of the global economy, this diminished impact is overstated, and so high oil pric...
Bill Pavelic on “AMERICAN TRAGEDY” BY LARRY SHILLER
2007-09-11 00:00:00 “...Bill Pavelic was especially proud of his street sense. Bill Pavelic had been one of the few (LAPD) Caucasian cops; Bill Pavelic liked to tell friends, who understood how things really worked in the black community. He got so deep into it that he saw things, Bill Pavelic was certain, through nonwhite eyes. Bill Pavelic discovered that African-Americans and dark-skinned immigrants of all backgrounds had a lot to fear from the LAPD. When the department couldn't prove something, some cops had no problem framing people who couldn't fight back. Bill Pavelic complained loudly, and soon enough he was seen as disloyal. Before long, he was out...”"...I know (LAPD) Robbery-Homicide Division. I've actually seen them frame innocent people. You can't take anything for granted..."“...Bill Pavelic studied the LAPD's crime-scene logs. Bill Pavelic called friends at LAPD to see what else he could learn. He put in twenty-hour days, and finally what happened in the early hours of June 13 start...
By: Bill Pavelic
About Bill Pavelic on “AMERICAN TRAGEDY” BY LARRY SHILLER
2007-09-11 00:00:00 Bill Pavelic started to put the facts together. Robert Deutsch, a lawyer Pavelic knew, called him that night. "Bill, do you realize who this Fuhrman is?""I guess I don't." Fuhrman had been part of the Britton case, which Deutsch and Pavelic had worked together. A black man armed with a knife had robbed and brutally beaten people at automatic teller machines on L.A.'s West Side in 1988. Fuhrman was part of a CRASH Unit stakeout team that spotted Joseph Britton threatening someone with a knife at an ATM. Britton ran. He claimed he tossed the knife over a hedge before the cops chased him down. The CRASH team said Britton waved the knife at them.They shot him six times. Most of the bullets came from Mark Fuhrman's gun. Britton claimed that Fuhrman walked back to the hedge to get the knife and dropped it beside him. "Are you still alive, nigger?" he sneered at the wounded man. Britton went to prison and sued the LAPD for using excessive force. Fuhrman was that cop. Once reminded of th...
By: Bill Pavelic
Robert Shiller: ?We have a housing crisis developing?
2007-09-05 10:32:00 I have often written and talked about the US housing situation being the Achilles heel of the US economic outlook. This article features a video clip of an interview with Prof Robert Shiller, economist of Yale University and of Case-Shiller Home Price Index fame, warning of a significant US recession risk if house prices drop more. As stated before, the unwinding of the US housing situation has some way to go before the system rids itself fully of all the excesses accumulated during the multi-year upswing.
Robert Shiller
2007-09-04 01:02:00 Robert Shiller is a Yale economics professor and author of the book ?Irrational Exuberance? which predicted the end of the 1990?s stock market bubble. Interestingly, ?Irrational Exuberance? hit the bookstores in March 2000 at the same time the NASDAQ dot-com bust began. My guess is that Shiller doesn?t get invited to a lot of parties. My ...
The S&P/Case-Shiller(R) U.S. National Home Price Index Posts a Record Annua
2007-08-28 18:07:00 NEW YORK, Aug. 28 /PRNewswire/ — Data through June released today by Standard & Poor’s for its S&P/Case-Shiller(R) Home Price Indices, the leading measure of U.S. (...)
WSJ Video Interview of Robert Shiller
2007-08-18 16:25:00 Early this morning Doomer G e-mailed us this very meaty Page One story [1] from the Wall Street Journal. It included the following fascinating 6 minute interview with Yale economist Robert Shiller. Let’s hope the WSJ’s video embed is better behaved than yesterday’s infomercial
By: HousingDoom
About Bill Pavelic on AMERICAN TRAGEDY BY LARRY SHILLER
2007-08-10 07:28:00 “...Bill Pavelic was especially proud of his street sense. He had been one of the few (LAPD) Caucasian cops; he liked to tell friends, who understood how things really worked in the black community. He got so deep into it that he saw things, he was certain, through nonwhite eyes. He discovered that African-Americans an ...
Cool tool - check out the Case-Shiller home price index and home price city
2007-05-06 15:00:00 Rising prices bring people (speculators, first time buyers) into the markets, making prices rise faster.Falling prices push people away from the market, making prices eventually fall faster.Got it? Ever get to the tip top of the roller coaster climb, and you can tell you're just about to go down a really big hill? The dread, the excitment, the tumble into the unknown, the front cars plunging while the back cars clueless about what's to come...Weeeeeeeeeeeeeeeeeeee!!!-!!!!!!!
By: Housing PANIC
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