Home price slump deepens
By Les Christie, staff writer
January 25, 2011: 10:46 AM ET
NEW YORK (CNNMoney) -- November home prices continued their latest slump, falling 1% compared with October, according to the latest S&P/Case-Shiller Home Price Index of 20 metro markets.
San Diego was the only market that didn't slip, posting a slight gain of 0.1%. The overall index fell for the fifth straight month and prices are at about the same level they were in mid-2003.
"With these numbers, more analysts will be calling for a double-dip in home prices," said David Blitzer, spokesman for Standard & Poor's...
http://money.cnn.com/2011/01/25/real_estate/november_home_prices/index.htm
By Les Christie, staff writer
January 25, 2011: 10:46 AM ET
NEW YORK (CNNMoney) -- November home prices continued their latest slump, falling 1% compared with October, according to the latest S&P/Case-Shiller Home Price Index of 20 metro markets.
San Diego was the only market that didn't slip, posting a slight gain of 0.1%. The overall index fell for the fifth straight month and prices are at about the same level they were in mid-2003.
"With these numbers, more analysts will be calling for a double-dip in home prices," said David Blitzer, spokesman for Standard & Poor's...
http://money.cnn.com/2011/01/25/real_estate/november_home_prices/index.htm