March 24, 2009

IS LESS THAN 10% EVEN A CORRECTION?:

Home-Price Measure Shows Monthly Rise (REX NUTTING, 3/24/09, WSJ)

U.S. home prices rose 1.7% in January compared with December, the Federal Housing Finance Agency reported Tuesday. It was the first monthly increase in a year.

Home prices are down 6.3% in the past year and are down 9.6% from the peak in April 2006, the agency said. In December, the year-over-year decline was 8.8%.

Posted by Orrin Judd at March 24, 2009 10:49 AM
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