February 24, 2009 at 14:37 PM EST
After Record Q4 Decline, Home Prices at 2003 Levels
It’s a sign of the times when news of a record decline in home prices in the fourth quarter of 2008 is utterly unsurprising. The S&P/Case-Shiller National Home Price Index fell 18.2 percent, while its 10-City and 20-City Composite Home Price Indices fell 19.2 percent and 18.5 percent, respectively, all record-large declines in 2008’s fourth quarter compared with [...]
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