BrokerageIndustry News

Real estate prices sink to new low in 9 markets

S&P/Case-Shiller: Largest annual declines in Atlanta, Chicago, Detroit
Published on Jan 25, 2011

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by CareyBot

Real estate prices sank from November 2009 to November 2010 in 16 of 20 metro areas tracked in a monthly Standard & Poor's-Case-Shiller index, according to a report released today.

"(The) data points to weakness in home prices. With these numbers more analysts will be calling for a double dip in home prices," said David M. Blitzer, chairman of the Standard & Poor's Index Committee, in a statement.

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