Tuesday, May 26, 2009

Home Prices Continue Decline Nationally

The Standard and Poors Case-Shiller Index report through March, 2009 was released today. The report states that "...the U.S. National Home Price Index continues to set record declines".

Metropolitan areas recorded a year-over-year decline of slightly more than 19% for the first quarter. Record monthly declines were noted in Minneapolis, Detroit and New York.

On the flip side, there were some metropolitan areas that recorded improved statistics year-over-year, or when looking at the statistics compared with the month of February, 2009.

To read the press release from Standard and Poors, go here: Case-Shiller Home Price Indices (Note: This is a PDF document)

Learn more: Read about the Case-Shiller Home Price Index

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