Major Real Estate Index Posts New All-Time Low in 2011.

Mar 25, 2011, 12:21 ET from Winans International Real Estate Index

NOVATO, Calif., March 25, 2011 /PRNewswire/ -- From U.S. housing's 110-year peak set in 2007, the Winans International Real Estate Index (WIREI)™ has declined 24% to a new low of $224,050. This eclipses last October's low of $229,300.

"This marks the worst price decline in U.S. new home prices since the 33% decline from December 1939 to December 1945. Clearly, residential real estate prices nationwide continue to be weak, and I doubt there will be sustained U.S. economic recovery without a rebound in housing values," said Ken Winans, President of Winans International Investment Management & Research.

The Winans International Real Estate Index (WIREI)™ is the only index that measures U.S. home prices from 1830 to present and posts new housing data without a 2-month lag found with other popular real estate indexes.

More information on the Winans International Real Estate Index can be found at www.winansintl.com. WIREI charts and data can be purchased from www.globalfinancialdata.com and www.srcstockcharts.com

SOURCE Winans International Real Estate Index



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