Research >> Economics
S&P/Case-Shiller Home Price Indices declines 17.7%
Data through August 2008, released today by Standard & Poor’s for its S&P/Case-Shiller 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, a trend that prevailed throughout the first half of 2008 and has continued into the second half.
The 10-City Composite and the 20-City Composite Home Price Indices have set new records, with annual declines of 17.7% and 16.6%, respectively. However, the acceleration in decline was only moderate in August. The July data reported annual declines of 17.5% and 16.3%, respectively.
Posted: October 28, 2008 Tuesday 10:07 AM