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Home prices post record annual decline in 4Q
JICWyllie
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2-24-2009 10:22 AM
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economy
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housing
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i-prices
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/666b7b84-2f0f-45a2-b7c6-d89197c12871/1C10B536-C8EA-40AB-BE9B-8FB22F56CC9A/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://news.yahoo.com/s/ap/20090224/ap_on_bi_ge/home_prices" href="http://news.yahoo.com/s/ap/20090224/ap_on_bi_ge/home_prices" style="font-size: 11px;">news.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20090224/ap_on_bi_ge/home_prices"><P> A widely watched index shows home prices tumbled by the sharpest annual rate on record in the fourth quarter and in December.</p> <P><SPAN id="lw_1235488634_0" class="yshortcuts">The Standard</SPAN> & Poor's/Case-Shiller U.S. National Home Price Index plunged 18.2 percent during the quarter from the same period a year ago, the largest drop in its 21-year history. Prices are now at levels not seen since the third quarter of 2003.</p> <P>In the month of December, the Case-Shiller 20-city index plunged 18.5 percent from <SPAN id="lw_1235488634_1" class="yshortcuts">December 2007</SPAN> levels, while the 10-city index dropped 19.2 percent.</p> <P>Prices in the 20-city index have plummeted 27 percent from their peak in the summer of 2006, and the 10-city index has fallen more than 28 percent.</p> <P></P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/1C10B536-C8EA-40AB-BE9B-8FB22F56CC9A/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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