Regardless of what data source you're looking at - all point to reduced sale prices in homes over the last year. The real estate recession's flames continue to be fanned by the media with reports of continued declines in home prices, and by realtors who are hungry for bargain hunters' commissions.
My preferred measure is the Case Shiller Index from Standard & Poors, which I believe is a fairly accurate and unbiased indicator. It's calculated monthly and the most recent data for June has been released.
My preferred measure is the Case Shiller Index from Standard & Poors, which I believe is a fairly accurate and unbiased indicator. It's calculated monthly and the most recent data for June has been released.
While it shows home prices have fallen significantly since the beginning of the year, a longer term view shows that home prices age generally above their 2003 levels.
Unless you are a fairly short-term investor (and you aren't supposed to view your primary residence that way), then your home has likely been a poorly performing part of your aggregate portfolio of assets recently, but by no means a does that mean that it will be a poor long term investment.
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