Posted on Wednesday, February 24, 2010
We see that home prices kept falling but slower than they did at the end of last year; Down 2.5% Q4 2009 compared to Q4 2008. But the 2008 to 2007 number was down 18.2 percent.
Month to month prices rose 0.3% from December November 2009 overall in 20 markets, but fell in 5 markets.
According to Robert Shiller, the home price rebound during the second half of 2009 is most dramatic he's seen: Prices fell by 11% in the first 6 months of 2009 ending in April, but then rose 5% in next 6 months. His biggest worry is strategic defaults.