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Tuesday, December 27, 2011

Home Prices Are Still Falling

Home Prices Are Still Falling


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Tuesday, December 27, 2011
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Home Prices Are Still Falling

The October Case-Shiller 20-city home price index missed economists' expectations, falling 3.4% year-over-year.  Only two cities saw prices increase: Detroit and Washington.

Month-over-month, the 20-city index fell 0.7% on a seasonally adjusted basis.  This too was worse than the 0.4% decline forecasted by economists.

So, although home prices seem like they're forming a bottom, they're still not in the clear. Read »


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