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Another month, another record drop in house prices...

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November 25, 2008 – Comments (1)

case shiller 2008 october

Full size here.

The decline in the S&P/Case-Shiller U.S. National Home Price Index – which covers all nine U.S. census divisions – remained in double digits, posting a record 16.6% decline in the third quarter of 2008 versus the third quarter of 2007. This has increased from the annual declines of 15.1% and 14.0%, reported for the 2nd and 1st quarters of the year, respectively. The 10-City and 20- City Composites continue to set new records, with annual declines of 18.6% and 17.4%, respectively.

Whole release is here.

1 Comments – Post Your Own

#1) On November 25, 2008 at 1:00 PM, jesusfreakinco (28.88) wrote:

Are you suggesting they get bailed out too?  Or are you asking why haven't banks shut down their lines of credit?

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