Tuesday, Nov 25, 2008
Case-Shiller survey shows 16.6% annual decline in summer months as housing picture continues to dete
CNN: Home prices in record decline
The home price plunge stayed on a record pace this summer, according to a widely watched gauge of national real estate markets released Tuesday.
The S&P Case-Shiller Home Price national index recorded a 16.6% decline in the third quarter compared with the same period a year ago. That eclipsed the previous record of 15.1% set during the second quarter.
Prices in Case-Shiller's separate index of 10 major cities fell a record 18.6%, while its 20-city index dropped a record 17.4%
Posted by mark @ 03:50 PM (251 views) Add Comment
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