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Case Shiller Index declines 2 percent in Q3

The S&P/Case-Shiller Home Price Index declined 2 percent in the third quarter, after having risen 4.7 percent in the second quarter. Nationally, home prices are 1.5 percent below their year-earlier levels.  In September, 18 of the 20 MSAs covered by the Index and both monthly composites were down.   Only the two composites and five MSAs showed year-over-year gains.

The S&P/Case-Shiller U.S. National Home Price Index, which covers all nine U.S. census divisions, recorded a 1.5 percent decline in the third quarter of 2010 over the third quarter of 2009.  In September, the 10-City and 20-City Composites recorded annual returns of 1.6 percent and 0.6%, respectively.

Reprinted From C.A.R.

Posted by Adam Mallory on December 7th, 2010 9:27 AMPost a Comment (0)

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