Industry NewsMarkets & Economy

Real estate price index continues downward price trend

S&P/Case-Shiller: November 20-metro index falls 3.7% year over year
Published on Feb 1, 2012

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by CareyBot

The latest Standard & Poor's/Case-Shiller home-price indices report, updated through November 2011, continues a downward trend, "and there are few, if any, signs in the numbers that a turning point is close at hand," said David Blitzer, an S&P indices executive.

The firm's monthly 20-city and 10-city indices track housing prices for single-family homes in large, geographically diverse U.S. metropolitan areas. The indices were down both for the month and for the year: each experienced a 1.3 percent drop in November over October levels, and fell 3.6

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