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Two reports on house prices were released on Tuesday and neither was happy news for homeowners or for the real estate industry. The S&P/Case Shiller U.S. National Home Price Index showed that the decline in house prices accelerated in the fourth quarter of 2007 with a 5.4 percent drop. The third...
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The Standard & Poor's/ Case-Shiller home price index for October, released on Wednesday, fell again for what is the 10th consecutive month. The 6.7 percent drop from figures a year earlier was the largest recorded by the index since April, 1991 when prices declined 6.3 percent. The S&P/Case-Shiller...