All Posts Tagged With: "homes"

Home Prices and Consumer Confidence Traverse Record Lows

Another fresh round of economic data was released yesterday (Tuesday) with the prognosis looking dire for the U.S. economy.

Home prices as measured by the S&P/Case Shiller composite index of 20 metro areas fell 1.4% in April from March and slumped by a record 15.3% over the year. The group’s composite index of 10 metro areas dropped 1.6% in April, making for a record 16.3% annual drop.

According to the S&P, 13 of the top 20 metro areas are still posting record annual declines with price losses in the double digits for half of the areas.

“The potential is a…

25Jun2008 | Money Morning | Comments Off | Continued

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