Case-Shiller Index: Home Prices Decline 18.5% from last Year
• Calculatedriskblog.comPrices fell at least 1% in all Case-Shiller cities in December, with Phoenix off 5.1% for the month alone!
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Phoenix Real Estate: Foreclosures surge in January
• AZcentral.comIn Scottsdale, 35 percent of existing-home sales are foreclosures; the foreclosure rate for Maricopa County is 52 percent.
Robert Shiller: House Prices Still Way Too High
• finance.yahoo.com/Despite the 25 percent nationwide decline since the 2007 peak, U.S. house prices have still only fallen halfway to fair value. So whatever you think of Obama's plan, don't count on a quick housing-market turnaround.
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