New October data shows a decline in home prices and annual growth rates that point to a double-dip recession in housing, according to a new report from Standard & Poor’s.
The S&P/Case Shiller Home Price Indices report showed that home prices fell in all 20 metropolitan statistical areas and both the 10- and 20-city composites in October compared September. In addition, annual growth rates also declined in 18 of the 20 metropolitan statistical areas and both the 10- and 20-city composites compared to the previous month. Six markets – including Atlanta, Charlotte, Miami, Portland, Seattle and Tampa - hit their lowest levels since home prices began to drop in 2006.
Register or login for access to this item and much more
All On Wall Street content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access