Mortgage Employment Headcount Lowest Since Housing Bubble Of 2005 As Case-Shiller National Home Price Index UP 0.29% In February (Denver Leads In Price Declines Beating Tampa)

Home values in Denver are falling faster than any other major metro area tracked by a key index, earning the Mile High City a dubious distinction as the weakest housing market in the nation.

More than half of major U.S. metropolitan areas posted year-over-year home price declines in February, with Denver (-2.2%) displacing Tampa (-2.1%) as the weakest market, according to data from the S&P Cotality Case-Shiller Index released Tuesday.

Los Angeles (-0.8%) and Washington, DC (-0.1%) also joined the list of markets with falling home values, signaling weakness that expanding out of the long-suffering Sunbelt region.

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Mortgage employee headcount has fallen to lowest level since the housing bubble and mortgage crisis of 2005-2008.

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