Case-Shiller posts record declines
Case/Shiller | (0)
From Mortgage News Daily:
A national index of home prices reported on Tuesday that the average price for a home has fallen to a level consistent with the final quarter of 2002.
The S&P/Case-Shiller Home Price Index ― which covers 20 metropolitan areas ― showed a price decline of 18.7% in March, suggesting a greater fall in prices than expected. Analysts were looking for an -18.40% reading, following the -18.67% reading for February. The 10-city measure fell a similar 18.6%.
The numbers were even worse on a quarterly basis. The Q1 report ― which covers all nine U.S. census divisions, rather than just ...
