S&P Case-Shiller Index Posts Another Drop As Home Prices Near Trough
Data released by Standard & Poor's Tuesday show that the S&P-Case-Shiller home price index declined by 3.9 percent quarter-over-quarter during the last three months of 2010. The closely watched gauge is down 4.1 percent versus the fourth quarter of 2009. The agency warns that home prices are edging dangerously close to cycle lows, and a full-fledged double dip. Home prices in 11 major markets hit their lowest levels in December since prices peaked in 2006 and 2007. » Read More
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