Stacie Hartman

The Mortgage Blog of Stacie Hartman

Rate of Price Decline Improves

Standard & Poor’s Case-Shiller US National Home Price Index showed a 2.5 percent drop in home prices at the end of last year compared to the fourth quarter of 2008. That, however, represents a significant improvement when contrasted with the annual rates reported in the first, second, and third quarters of the year. David Blitzer, chairman of the Index Committee at Standard & Poor’s, said the market is in better shape than it was last year now that the pace of deterioration has stabilized. National prices peaked in early 2006 before dropping 32 percent by the first quarter of 2009, according to the highly regarded index. More here and here.


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