South Shore: 781 929 3683 or Boston/Metrowest: 781 549 9562

Housing is Down Again

Housing Drops Again
house price dropThe Standard & Poor’s/Case-Shiller composite index of 20 metropolitan areas declined 0.8 percent in September from August
on a seasonally adjusted basis.  Economists polled by Reuters had expected a decline of 0.3 percent.  S&P, which publishes
the indexes, also said home prices in the 20 cities index rose 0.6 percent from September 2009, slower than the 1.1 percent
expected.  

Housing Drops again-Washing and Las Vegas Post Gains

The index has risen 5.9 percent from their April 2009 bottom. But it remains nearly 28.6 percent below its
July 2006 peak.  Prices in San Francisco and Los Angeles, which had been increasing, both fell in August from July.
Washington and Las Vegas were the only metro areas to post gains in monthly prices.

Housing Drops Again-Job Worries

Prices rose in many cities from April through July, mostly boosted by government tax credits which have since expired. Job worries
and record high foreclosures are dampening buyer demand and weighing on prices.  The national quarterly index, which measures home prices
in the nine U.S. census regions, dropped 2 percent in the third quarter from the previous quarter.

Ciara Brennan
For all your real estate needs!

Office

Mass Homes Realty
1100 Washington Street, Suite 5,
Hanover, MA 02339
Phone: 781 924 1142
http://mass-homes.com

South Shore Specialist

Ciara Brennan
781 929 3683
ciarabrennan7@yahoo.com

Boston/Metrowest Specialist

John Becker
jbeckerre@gmail.com
781 549 9562

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