Wednesday, February 27, 2008

S&P Case-Shiller: Prices Fall Sharply in Q4 2007

S&P Case-Shiller reported that house prices fell sharply in Q4 2007.
The first graph shows the Case-Shiller index since 1987. The index fell to 170.64 in Q4, from 180.31 in Q3. A decline of 5.3%, or over 20% at an annual rate.
Case Shiller House Price Index
This is the lowest level for the index since Q1 2005.
The second graph shows the year-over-year change in the Case-Shiller index.

Prices fell 8.9% in 2007 according to Case-Shiller.
Case Shiller House Price Index YoY Change
The index is off 10.2% from the peak.
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