S&P Case Schiller Home Price Index
S&P Case Shiller Home Price Index February -2.6% vs prior -2.4% Full Report
The 10-city composite had a annual decline of 13.6%, its steepest drop since its creation in 1988.
The 20-city composite slid by 12.7%, also its largest decline. Six consecutive months of decline for all 20 of the metropolitan areas.
For the month of February, markets in the West were the biggest decliners.
San Francisco and Los Angeles were the worst performers. Each had a negative return in excess of 4%; Yoy SF -17.2%; LA -19.4%.
David M. Blitzer, Chairman of the Index Committee at Standard & Poor's:
"There is no sign of a bottom in the numbers. Prices of single family homes continue to drop across the nation."
The 10-city composite had a annual decline of 13.6%, its steepest drop since its creation in 1988.
The 20-city composite slid by 12.7%, also its largest decline. Six consecutive months of decline for all 20 of the metropolitan areas.
For the month of February, markets in the West were the biggest decliners.
San Francisco and Los Angeles were the worst performers. Each had a negative return in excess of 4%; Yoy SF -17.2%; LA -19.4%.
David M. Blitzer, Chairman of the Index Committee at Standard & Poor's:
"There is no sign of a bottom in the numbers. Prices of single family homes continue to drop across the nation."
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