"Home prices in 20 U.S. metropolitan areas fell in October by the most in at least six years, a private survey showed today.
Property values fell 6.1 percent from October 2006, more than forecast, after dropping 4.9 percent in September, according to the S&P/Case-Shiller home-price index. The decrease was the biggest since the group started keeping year-over-year records in 2001. The index has fallen every month this year."
Here's the S&P/Case-Shiller report (PDF file). The Washington, D.C. metropolitan area shows a 1-year change of -7%.
Wednesday, December 26, 2007
Posted by Harriet at 9:34 AM