Home prices post record decline
S&P/Case-Shiller 10-city home-price index recently acknowledges that there is 6.7 percent decline in the home prices in October. This is in comparison to the price last year October. The index was started in 1987 and since its initiation, this is the biggest drop in the home prices. Case-Shiller’s 20-city index also showed a decline of 6.1 percent. Eleven of the total markets in this index recorded a record fall.
The price has been depreciating for a long time. You can see the price drop for the last 1o months.
The single family home market condition is grim now. There is too […] Continue Reading…
