Relevant:
- US home prices hit new peak, up 5.5% in September (Case-Shiller), Pre Rate-Jump
- Home Prices in 20 U.S. Cities Increase by Most Since 2006
- Did Low Interest Rates Cause the Great Housing Convulsion?
- More Foreclosures Means Fewer Underwater Borrowers
- Home Prices Climb by Most in Six Years as U.S. Market Firms
2011-12-22 — bloomberg.com
"Prices for resold homes are down 31 percent since the July 2006 peak, based on the S&P/Case-Shiller Index that tracks 20 major metropolitan areas. Values have increased 3.1 percent since bottoming out in March, though more than a quarter of homeowners with a mortgage are "underwater," or owe more than their property is worth."
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