Tuesday, July 29, 2008

Wow
Home prices dropping.

The S&P/Case Shiller composite index of 20 metropolitan areas fell 0.9 percent in May from April, bringing the measure down 15.8 percent from May 2007.

Economists surveyed by Thomson Reuters expected the monthly and annual drops would be 1 percent and 16 percent, respectively.

And still dropping.


No comments: