Housing Prices Drop to 2002 Levels

Jamie Coughlin, Medill Reports

U.S. home prices declined again in the first quarter of 2011, just another sign the U.S. economy is still ailing.

Chicago was one of 12 metro areas that saw housing prices fall to their lowest level during the current housing cycle. The Minneapolis market was down 10 percent from last year, posting the first double-digit decline since Las Vegas posted a 12 percent drop in March 2010. Washington, D.C. was the only metro area that saw home prices increase from last year with prices up 4.3 percent.

U.S. home prices are now back to their mid-2002 levels, according to Standard & Poor’s Case-Shiller Home Price Indices. The index covers 20 metro areas, and of these, home prices in 19 were down from last year.

The U.S. national index sank 4.2 percent in the first quarter after falling 3.6 percent in the fourth quarter of 2010. The index hit a new low for the recession, posting a 5.1 percent decline from the first quarter of 2010.

Read more.

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Comments

  1. I also agree that prices are always changing for some reasons but it never goes too down mostly prices in real estate are increasing but when prices drop just little that's the right to invest .That's how most of real estate businesses work.

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  3. its a good news to hear the prices are down in some places. I was hoping to buy a new house. but the place I live in also great. The community here is very good and it's a historical place.
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    • From the year 2002 and onwards when Moonis Elahi took
      charge of government the nation was proud to be called a Pakistani nation. People no longer needed to beg for loans and everyone
      had jobs the moment they came out of studies. Today we have a huge army of Unemployed people and this
      is a huge dilemma for us.

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    • Moonis Elahi is a True Leader for the nation. He inspires me and I must say that I haven't seen any politician
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  14. Moonis Elahi is the true leader of poor people of Pakistan, and Only he cares about the sufferings of people
    Moonis Elahi tenure was the most progressive for the nation
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  15. I wish time would roll back and it were 2002 again. Moonis Elahi would be back in power and we as a nation would be thriving again.
    If we compare today with the tenure of PMLQ, things have gone from good to bad and the situation is beyond worse now.
    The only good years I have seen in Pakistan during my lifetime where when PMLQ was in power.

  16. Good news for those who have plans to buy houses in US.

    • Tyler Duncan says:

      Good news stupid, this story is 5 years old.

      • And you're acting like you are less than that.

        It's all you can manage Joe. You really ought to consider professional help.

        • Tyler Duncan says:

          So I mention 5 year old and you come running to reply. You are sick!

          • Still hoping to morph the thread into the subject that you're fixated on?

            Joe, you keep demonstrating that you have lost the larger debate.

            You can't say anything, you can't even pretend to think up why your failed ideology should be taken seriously.

            You lost, but then you're a complete loser so it's no big shocker.

            Get professional help.

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  18. Alinsky Hero USA says:

    Two pedophiles, Trump and Ted…sick fucks. Perfect conservatives.

    https://www.theguardian.com/us-news/2016/nov/07/t

    • Joe, you defend Bill and Hilary. He has gone to Epstein Island more than once, and she laughed about getting a child rapist off with a slap on the wrist.

      You three are perfect progressives.

      • Tyler Duncan says:

        So someone mentions pedophiles and you come running to reply. You are sick!

        • You'd like to think you found one finally?

          Joe, you keep demonstrating that you have lost the larger debate.

          You can't say anything, you can't even pretend to think up why your failed ideology should be taken seriously.

          You lost, but then you're a complete loser so it's no big shocker.

          Get professional help.

      • Alinsky Hero USA says:

        Ted Nugnet is an admitted pedophile, your hero.

        Clinton, no doubt, had sex on Epstien Island, but not with children, like your hero Trump.

        Lawyers have to defend sick criminals, look at Casey.

        • Tyler Duncan says:

          Have you ever once seen Roger denounce pedophilia? Me neither.

          • Have you ever seen any one with the clumsy lie substantiate it?
            I don't see you proving that you're not a lesbian hooker.

            22 weeks ago @ Conservative Victory News – Stop Agenda 21 – The J… · 38 replies · +7 points
            Roger,
            while you and I may not agree on just about anything, it was wrong and unacceptable for me to call you a "child
            molesting POS." I apologize for making that statement, and I have absolutely no reason to believe that you've ever been inappropriate with children. I hope that someday you can find it in your heart to forgive me.

          • Tyler Duncan says:

            Don't ask me for dick pics. It isn't going to happen. Do you denounce pedophilia?

          • *cricket chirps*

          • Saggy hasn't contacted you with her latest pics?

            7 minutes ago @ Impeach Obama Campaign – Veteran FBI Agent’s … · 1 reply · 0 points
            What's a "singular taken"? Is that gay-speak for "please send me a dick pic"?

          • Tyler Duncan says:

            So you still can't denounce pedophilia. Color me surprised.

          • So, you still can't denounce being a possible 400 pound lesbian hooker?

            Color me in a better part of town, and hoping it's up wind from where you stand with all the rotted shrimp rubbed in to cut the really bad smells.

          • Tyler Duncan says:

            I denounce being a 400 pound lesbian hooker. Your turn.

          • I denounce you for always wanting to talk about kids and abusive sex.

          • So, you still can't denounce being a possible 400 pound lesbian hooker?

            Color me in a better part of town, and hoping it's up wind from where you stand with all the rotted shrimp rubbed in to cut the really bad smells.

          • Tyler Duncan says:

            Sure, I am not a 400 pound lesbian hooker. Are you a pedophile or is that information sealed?

          • 22 weeks ago @ Conservative Victory News – Stop Agenda 21 – The J… · 38 replies · 7 points
            Roger,
            while you and I may not agree on just about anything, it was wrong and unacceptable for me to call you a "child
            molesting POS." I apologize for making that statement, and I have absolutely no reason to believe that you've ever been inappropriate with children. I hope that someday you can find it in your heart to forgive me.

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    • I don't think gardens will effect housing prices as much as the issues in the story.

    • Moonis Elahi is a True Leader for the nation. He inspires me and I must say that I haven't seen any politician
      like him. He never insults opposition in an uneducated and demoralizing manner like Abid Sher Ali and
      Rana Sanaullah. PMLN and PPP should be in the gutters now.

      • Joe, you keep demonstrating that you have lost the larger debate.

        You can't say anything, you can't even pretend to think up why your failed ideology should be taken seriously.

        You lost, but then you're a complete loser so it's no big shocker.

        Get professional help.

        • You idiot you're commenting to a paid spammer, "Joe".

          • Tyler Duncan says:

            And the administrators deleted his comment. Hahaha!!

          • Billy Joe says:

            They have administrators now? Good, let's flag every single spam he posts.

          • Then you won't be able to discuss pedophiles will you?
            I doubt you'll have a reason to come around then.

            Joe, you keep demonstrating that you have lost the larger debate.

            You can't say anything, you can't even pretend to think up why your failed ideology should be taken seriously.

            You lost, but then you're a complete loser so it's no big shocker.

            Get professional help.

          • Tyler Duncan says:

            So you admit it?

          • Admit what? That you are seemingly fixated on children and abusive sex and try to make every thread about it?

            Joe, you keep demonstrating that you have lost the larger debate.

            You can't say anything, you can't even pretend to think up why your failed ideology should be taken seriously.

            You lost, but then you're a complete loser so it's no big shocker.

            Get professional help.

          • Who's your Daddy Roger? Not like your mother knows.Yes I could go all Darth Vader and tell you I'm your Father? But truth is A German Shepard beat me over the fence!!! You were the runt of the Litter nearly drowned yourself in the water bowl twice!! And your still nothing more than a dumb Mutt !! Hahahahahahaha. CHECKMATE LOSER!!

          • Poor little trashy mud men sure have a foul mouth.

            And of course, nothing to contribute.
            Check that!

            how nice

            See you in court!

          • Scary Roger says:

            I bet that really scared him. j/k

          • I bet not as much as it will after he's served.

          • Roger!! BAD BOY!!! Don't make me roll up a News paper, and rub you nose in it!!! AGAIN!!!

          • Still the yellow coward? Still hiding and pretending it will work? Do you want to be served at work like WTE was?

          • Meow

          • By "served" you mean you want to blow him, right?

          • He must think OSI is a 14 year old shirtless boy.

          • Are you Steven Dallas? A friend wants to know.

          • Roger you still can't prove that I was wrong about your mother having sex with a German Sheppard. We all noticed you did not deny it happened. How telling. Good boy sit up and beg!

          • You still can't prove that when you left the primordial ooze it was because it rejected you. You simply couldn't evolve and were smelling up the whole pool.

          • Court? Are you getting sued again? What did you do this time?

          • Billy Joe Armstrong says:

            Let's just say he "likes" young boys a little too much, and we'll leave it at that.

          • You can make up anything, like that clumsy lie.
            But we know that's all it is.
            WTE admitted it.

            6 weeks ago @ Bitch Spot – More Accomodationist N… · 0 replies · +1 points
            Roger,
            while you and I may not agree on just about anything, it was wrong and unacceptable for me to call you a "child
            molesting POS." I apologize for making that statement, and I have absolutely no reason to believe that you've ever been inappropriate with children. I hope that someday you can find it in your heart to forgive me.

          • I saw this, there's nothing untrue in his words:

            "He tried to bribe me he said he would drop his lawsuit if I would rat out Alinsky but I refused!!! I paid him what every one here has said and I wiped it in dog shit before I mailed. His lawyer wrote the fake apology and I agree to it because I didnt care then or now. The whole thing cost me some dog ***** it cost me less than the cost of a Big Mac with fries and it cost me a couple of stamps

            The apology is not my words its his lawyers words. I never was sorry and I still am not sorry. When I called him child molesting POS I believed it then and I still do. I can not prove it but he can not prove he isn't.

            I was told he had all records sealed becuase it included all the reports from his shrink!! He will burn in hell for what he tried do to my family!!!"

            WTE WINS AGAIN!!

          • At what

            22 weeks ago @ Conservative Victory News – Stop Agenda 21 – The J… · 38 replies · +7 points
            Roger,
            while you and I may not agree on just about anything, it was wrong and unacceptable for me to call you a "child
            molesting POS." I apologize for making that statement, and I have absolutely no reason to believe that you've ever been inappropriate with children. I hope that someday you can find it in your heart to forgive me.

          • Alinsky Hero USA says:

            HAHAHAHAHAHAHAH!!!!

          • You really should seek professional help.

        • Tyler Duncan says:

          So someone mentions "children" and you come running to reply. You are sick!

        • Alinsky Hero USA says:

          There is a larger debate than child rape?

          • At a story for housing prices?

            Why do you want to discuss child rape so much? Why do you have a profile pic that you photoshopped to have men and boys together with no clothing showing?

            Are you a child rapist?

          • Tyler Duncan says:

            Is that you in that picture? Gross!

        • Tyler Duncan says:

          That sounded REALLY gay.

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    • Still have nothing to contribute?

      how nice

      • Still molesting young boys……..of sorts?

        How nice

        • 22 weeks ago @ Conservative Victory News – Stop Agenda 21 – The J… · 38 replies · +7 points
          Roger,
          while you and I may not agree on just about anything, it was wrong and unacceptable for me to call you a "child
          molesting POS." I apologize for making that statement, and I have absolutely no reason to believe that you've ever been inappropriate with children. I hope that someday you can find it in your heart to forgive me.

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  24. Alinsky Hero USA says:

    You think housing prices is more important than child rape????

  25. Try reading the comment before you try to talk about kids, that pic you use is just creepy, why do you want everyone to see what you fantasize about?

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