The S&P Case-Shiller housing report is out. It is GOOD news for Buyers and not so good news for Sellers.
"January housing numbers for Phoenix and the U.S. as a whole were not good in January, according to new S&P Case-Shiller index numbers put out Tuesday morning.
Home prices are down 9.1 percent in Phoenix since January 2010, according to the index. Phoenix had the largest year-over-year drop of the 20 metro areas in the housing index.
From December 2010 to January 2011, Phoenix home prices are down 1.5 percent. U.S. home prices are down 1 percent for the same time period.
Indicators point to Buy, Buy, Buy !!!
