Dennis Norman
This morning the S&P/Case-Shiller Index report for November was released showing that home prices in their 10 city and 20 city composite indexes decreased 0.2 percent from October. The indexes include the major metropolition areas in the U.S. (details for metros included are in chart that follows).
This marks the tenth month of improved readings in the annual statistics and the third consecutive month that the annual statistics have registered single-digit declines, after 20 consecutive months of double-digit declines. Who would of ever thought we would be bragging about the values of our homes “only decreasing by single-digits?
Boom to Bust – what price was paid?
From the peak in the second quarter of 2006 to November 2009, the 10-City and 20-City Composite Indices are down 30.0% and 29.2 percent respectively.
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