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* THE AMERICAN DREAM OF HOMEOWNERSHIP MIGHT BE OVER?

THE AMERICAN DREAM OF HOMEOWNERSHIP MIGHT BE OVER

(Yahoo News) — There are two ways to discern today’s S&P/Case-Shiller Home Price Index numbers: home prices are at 10-year lows and likely to fall further or home prices are recovering because prices are declining at a slower pace.

Economist Karl Case, co-founder of the widely followed S&P/Case-Shiller index, has a more optimistic view on the market. He says there are cities and towns where the market “is cleaning and prices are holding” and notes that a reduction in new construction will bring the market more in line with the number of people seeking to buy.

“We’re bouncing along a rocky bottom,” Case says in the accompanying video.

Read more…

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April 25, 2012 - Posted by | Buying, Market Statistics, Miscellaneous, Selling

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