Research >> Economics
S&P/Case-Shiller Home Price Indices declines 19.1%
Data through November 2008, released today by Standard & Poor’s for its S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, shows continued broad based declines in the prices of existing single family homes across the United States, with 11 of the 20 metro areas showing record rates of annual decline, and 14 reporting declines in excess of 10% versus November 2007.
Following the lead of the 11 metro areas described above, the 10-City composite matched last month’s record decline of 19.1% and the 20-City Composites set a new record, down 18.2%.
Posted: January 27, 2009 Tuesday 09:00 AM