Another home market article
Home prices: No relief on horizon
The S&P Case-Shiller Home Price Index says price declines are worsening, with no sign of slowing down.
“The pullback in the U.S. residential real estate market is showing no signs of slowing down,” Robert J. Shiller, Chief Economist at MacroMarkets LLC said in a statement. “The year-over-year decline reported in the 2nd quarter of 2007 for the National Home Price Index is the lowest point in its reported history, which dates back to January 1987.”