From the Case-Shiller Home Price Index for March 2009, some lovely pictures. First the raw data:
Still shows a serious erosion of home values in the winter of 2009. Here is the year over year percentage change in home prices:
These are still declining for Portland and Seattle but the 20 city composite may be leveling off and even turing upwards. These data are too old to assess the current situation with summer approaching and mortgage rates incredibly low. But again, unemployment is very high, so where is the demand going to come from?
The Wall Street Journal article has a nice interactive graphic and also reports on the jump in consumer confidence - which with the increase in the leading indicator improvement give optimists like me some small hope that the end of the decline may be here by the end of the year. Then it'll just be the digging out that we'll have to worry about (and probably for years).
