Home Prices Fall 12.7%

Tuesday, April 29, 2008 | 10:06 AM

Declines in the prices of existing single family homes across the United States worsened in February 2008, with 17 of the 20 now reporting record low annual declines -- 10 of the 20 regions were in

"There is no sign of a bottom in the numbers. Prices of single family homes continue to drop across the nation. All 20 metro areas were in the red for the February-over-January reading. In addition, 19 of the 20 MSAs are still reporting negative annual returns. The monthly data show that every one of the MSAs has now declined" --David M. Blitzer, Chairman of the Index Committee at Standard & Poor's.

S&P/Case-Shiller Home Price Indices

Chart courtesy of S&P

S&P/Case-Shiller Index - February 2008 TableSp_caseshiller_index_february_200_2

Table courtesy of TFS Derivatives

UPDATE: April 29 2008 11:58am

Tim Iacono posts this lovely charts:



Steep Declines in Home Prices Continued
S&P, April 29, 2008

S&P/Case-Shiller Index Release - February 2008
TFS Derivatives, April 29, 2008

Tuesday, April 29, 2008 | 10:06 AM | Permalink | Comments (25) | TrackBack (0)
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No surprise...looking at the history of housing prices, a sane person must conclude we are in for another 40-50% drop nationally. One thing...Barry, I AM BEGGING YOU...you probably have the ability to get through to Shiller. I would like to see this chart updated till today...PLEASE!!!!! It is very important to this country to have this data.

Shiller's Housing Price History

Posted by: Steve Barry | Apr 29, 2008 10:36:00 AM

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