The S&P Case-Shiller home price index continued its sharp decline in February as both the 10-city and 20-city composite indexes posted record annual declines in excess of 12.5%. The 20-city composite index, which tracks the price path of typical single-family homes in 20 metropolitan areas, fell by 12...
The U.S. Council of Mayors released a devastating report on the impact on member communities of the ongoing housing market problems. The report, prepared by Global Insight , an economic forecasting firm, was presenting at a meeting of the Conference attended by mortgage industry and community groups...