Thread: Home Price Decline Steepest in 21 Years

Home Price Decline Steepest in 21 Years

MoneyNews
Tuesday, March 25, 2008
NEW YORK -- The Standard & Poor's/Case-Shiller index shows U.S. home prices fell 11.4 percent in January, its steepest drop since S&P started collecting data in 1987.

The decline reported Tuesday means prices have been growing more slowly or dropping for 19 consecutive months. The index tracks the prices of single-family homes in 10 major metropolitan areas in the U.S.

The broader 20-city composite index is also down, falling 10.7 percent in January from a year ago. That is the first time both indexes dropped by double-digit percentages.

http://moneynews.newsmax.com/money/arch ... ode=47EF-1

This has been the biggest "White Collier Crime" in this Nations history ... follow the bouncing dollar bill and it will leed you all the way back to Bush and the Fed