Tuesday, March 31, 2009

The Daily Uh-Oh

Home Prices in 20 U.S. Cities Fell by a Record 19% (Update2) - Bloomberg.com
"March 31 (Bloomberg) -- Home prices in 20 U.S. cities fell 19 percent in January from a year earlier, the fastest drop on record, as demand plummeted and foreclosures rose.

The S&P/Case-Shiller index’s decrease was more than forecast and compares with an 18.6 percent decrease in December. The gauge has fallen every month since January 2007, and year- over-year records began in 2001..."

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