Tuesday, November 30, 2010

Home Prices in September Fall Faster than Expected

Damndest recovery I've ever seen.
Prices of single-family homes in September fell more than twice as fast as expected from the prior month, while prices compared to a year earlier rose more slowly than forecast, according to a widely watched index of U.S. home prices released on Tuesday.

The Standard & Poor's/Case-Shiller composite index of 20 metropolitan areas declined 0.8 percent in September from August on a seasonally adjusted basis.

Economists polled by Reuters had expected a decline of 0.3 percent.

2 comments:

HeatherH said...

Some signals out there, like the S&P earnings that are going up, indicate that the recesion is loosening its grip. Many investors hope for the recovery of the realty price growth, but IMO, I'm afraid it will take a much longer time to restructure the once over-inflated market...

traderrob said...

Agreed.