Wednesday, October 29, 2008

4 years of decline

US house prices: Still no end in sight

On Tuesday October 28th the S&P/Case-Shiller index of house prices for ten cities showed a record decline of 17.7% in the year to September.

Posted by mken @ 02:01 AM (866 views)
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4 thoughts on “4 years of decline

  • little professor says:

    Ouch! That’s gotta hurt.

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  • Have it

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  • mark wadsworth says:

    Cool. And the UK bubble was three times as big as theirs and we’re only one year in!

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  • Interesting graph as it shows the rate of decline not the actual prices. If the line levelled off now it wouldn’t look very dramatic but it would mean house prices are continuing to fall at 17% per year. Actually, the rate of decline is increasing !

    Wow.

    I’ve gotta say, I looked at villas in Florida a couple of months back and didn’t see much change from 2006. I guess there are huge regional variations.

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