Tuesday, April 06, 2010

Case-Shiller Report

Here is the latest Case-Shiller Report (January). It shows that the
country is following the same price stabilization trend as the past
eight months. For the first time since mid 2006, across the national
composite, prices did not fall compared to the same month (Jan) of
last year. Although Detroit still showed a decline, the rate of
decline continues to slow. Prices across the country are equivalent to
fall of 2003. For Michigan, prices still fall in the 1996 range. The
good news is we are back to the same "tax frenzy" activity levels we
saw last fall when the first tax credits we expiring - Now is still the time to buy!

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