Welcome to the Vitus Capital Blog!
Notes to myself, possibly of interest to others.
-- Bill Northlich

Tuesday, April 26, 2011

Home prices back to recent lows

The Feb S&P/Case-Shiller home price index is back at the low of the cycle reached in Apr ’09 which is the lowest since 2003. It’s down 3.33% y/o/y, about in line with expectations and of the 20 cities surveyed, 19 saw priced declines with the capital of central planning, Washington, DC seeing the only rise, that of 2.7% y/o/y. Phoenix again led the fall and homes there are now the cheapest since 2000. Bottom line, housing prices have double dipped and the only question is whether it breaks to new lows, which is likely and has further implications for bank balance sheets which do not reflect that assumption.
---Peter Boockvar (My emphasis)


  1. These are actually wonderful some ideas in the blog. You have touched good quality points here. In whatever way continue writing.

  2. Recycled plastic Adirondack chairs, unique furniture along with an excellent customer service!!! My spouse as well as came with regard to kitchen area and living room the foremost and now we're obtaining a new mattress.

  3. I continuously continue coming to your website once more simply in case you have posted new contents.
    Daniel carpenter fraud

  4. I even have been doing a small amount of analysis regarding CBD Lozenges and detected that the foremost effective CBDs would like a small amount of tetrahydrocannabinol. It's not enough to induce you high, however, it enhances the effectiveness of the oils