Home prices fall at record pace
September 30, 2008 01:51PM
Home prices in 20 U.S. cities fell a record 16.3 percent in July from a
year
earlier, according to the S&P/Case-Shiller
home-price index released today. Economists had predicted a smaller
drop, following the June 15.9 percent descent. Home prices have been
declining every month since January 2007.
[Bloomberg]
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Comments
Anonymous
Case/Shiller is the worst indicator for this. They don't include Co-ops or condos in NYC. They only include Townhomes and buildings. Its way off. Not up or down, just off, because it doesn't have the necessary numbers.
Comment #1 Posted By: Anonymous 09/30/08