Home Prices – February 2009

home-price-index-february-2009
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Composite home prices have fallen by 19% from last year.

Top 3 annual delines:

1. Phoenix, AZ – 35%
2. Las Vegas, NV – 32%
3. San Francisco, CA – 31%

Top 3 monthly declines:

1. Cleveland, OH – 4.99%
2. Phoenix, AV – 4.46%
3. Detroit, MI – 3.82%

Noteworthy: Declines in Cleveland and Detroit are picking up steam.

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US Money Supply – February 2009

money-supply-growth-february-2009
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The annual true money supply growth has dropped to 12.15 % in February 2009. The total True Money Supply has now dropped two months in a row. From $2.16 trillion in December to $2.094 trillion in January, and now to $2.046 trillion in February. So far this is in line with my recent expectations.

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