Tuesday, June 30, 2009

Quote of the day

AlphaNinja - Yet again, the quote of the day comes from the real estate sector.

Home prices down a ton, but this month it's "not a record." Awesome...

"While the Standard & Poor's/Case-Shiller index of 20 major cities tumbled by 18.1 percent, it marked the third straight month the decline was not a record."

A look by metro area - SF highlighted, as until recently it was holding up well.


A quick look at select metro areas since mid 2006:





With ugly numbers like these, maybe we've hit housing bottom???? I certainly wouldn't take that bet, but for the bold out there, a new trading vehicle will let you invest on a housing recovery with 3x leverage! They also have a negative vehicle should you be a housing bear.


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