Tuesday, September 28, 2010

Case-Shiller Shows Price Declines

from Fox Business:

The best that can be said for U.S. home prices now is that they are not falling off a cliff anymore.
But they’re not going up, either. The S&P Case-Shiller home price indexes revealed Tuesday a still-stagnant real estate market, as the impact from an earlier government tax credit continues to fade.
The Case-Shiller 20-city index eased by 0.1% in July from June, adjusted for seasonal factors. (It was up 0.6% on an unadjusted basis). The 10-city index was flat seasonally adjusted, and up 0.8% unadjusted.