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: Mortgage Lender Implode-o-Meter

Is drop in home values nearing terminal velocity?

By Implode-Explode Heavy Industries

"The best that can be said about S&P/Case-Schiller numbers out today is maybe home prices can?t fall any faster. Prices for Q1 of this year dropped at 19.1%, .9% more than they dropped in the last quarter of ?08. The 20-city index dropped 18.7% year-over-year, also a record. It fell 18.5% during the last three months of 2008. This index has plummeted 32.2% from its July 2006 peak and has fallen 32 straight months."

Full post as published by Mortgage Lender Implode-o-Meter on May 26, 2009 (boomark / email).