US Home prices down15.3% in past year: S&P/CASE-SHILLER

[EastSider]

Home prices in 20 major U.S. cities have dropped 15.3% in the past year, according to the Case-Shiller home price index released Tuesday by Standard & Poor's. Prices were down 16.3% in a smaller subset of 10 homes that have been tracked over a longer period. Home prices fell in 12 of 20 cities in April compared with March, but are down in all 20 cities compared with a year earlier. Prices are now down 17.8% from the peak two years ago. The Case-Shiller index tracks sales of the same homes over time, so it's not influenced by the mix of homes sold in a period

http://www.marketwatch.com/
http://www2.standardandpoors.com/portal ... 0,0,0.html

[WestSideBilly]

Wow, Seattle actually moved up a tick.

LA, SF, SD, LV, and Phoenix all take another big hit... and Detroit? Ouch.

[Robroy]

[WestSideBilly]

[rose-colored-coolaid]

Regardless, in this case the MOM increase is not surprising. It will likely also be a lonely MOM increase, because it looked a lot like a dead cat bouncing to me.

[Robroy]

[rose-colored-coolaid]

[Robroy]