First National Home Price Decline Foreshadowed
Broderick Perkins / RealtyTimes
With one at a record low and another at a 10-year low, two lagging home price indicators this week clearly reveal worsening conditions on the home price front.
On Tuesday, the Standard & Poors/Case-Shiller Home Price Index of 20 major metropolitan areas for the second quarter came in down 3.2 percent, compared to a year ago.
The new index is a record low of 183.89 — the lowest point ever on the index since its inception back in January 1987.
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