Case-Shiller issues disappointing report on home prices

Dennis Norman

Dennis Norman

This morning S&P/Case-Shiller Index report for August was released showing a deceleration in the annual growth rates of home prices from the month before in 17 of the 20 Metro areas covered by the report. The Case-Shiller Home Prices Indices for the 20 metros showed a decrease of 0.2 percent in home prices in August from July and an increase of 1.7 percent in home prices from the year before. Consistent with the prior months report, this months report shows current home prices are about what they were in late 2003.

 

case-shiller-august-2010-home-prices

Source: S&P Case Shiller

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