Case-Shiller Home Prices Set New Post-Crisis Lows
Posted To: MND NewsWire
Three measures of home prices issued monthly by S&P/Cash-Shiller declined yet again in March. The data released today showed that the national composite, the 10-City and 20-City housing price indices ended the first quarter of 2012 at new post-crisis lows . The national composite fell by 2.0 percent from the fourth quarter of 2011 and was down 1.9 percent compared to the first quarter of 2011. While the changes from a month earlier were minimal (less than 0.1 percent) the 10-city was down 2.8 percent from a year earlier and the 20-City lost 2.6 percent. At a press conference preceding the release, David M. Blitzer, Chairman of the S&P Index Committee said that flat monthly returns in March did indicate price stability and could be an indication of future gains. Robert Shiller , Professor…(read more)
