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