Decline in home prices continued for the first half of 2008 as S&P reported data through June 2008 for its S&P Case-Shiller 1 Home Price Index, a measure of U.S. housing market. Home price declines have prevailed throughout 2007 and the trend continues in 2008.
The decline in the index remained in double digits. With a [...]
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Broad declines in home prices continue
Home price declines continue for 23 straight months:S&P
S&Ptoday released May numbers for the Case-Shiller Home Price Index, a measure of U.S. home prices. According to the latest numbers, May 2008 was worse that previous numbers for April indicating a continued downward trend in the real-estate market.
All the 20 Metros’ in the index posted annual declines, nine of which are posting record lows [...]
