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S&P says home prices dropped 2pct in third quarter, calls market “weak”

Posted on 01 December 2010

From AXcess News: Standard & Poor’s called the U.S. housing market “weak” this morning after the Rating Agency released its latest S&P/Case-Shiller Home Price Index. Home prices in the third quarter fell 2% nationwide, the rating agency noted.
The drop in home prices nationwide came on top of a 4.7% increase in prices in the second quarter. But compared to year-ago levels, home prices in the U.S. are only down 1.5%……………………………………….Full Article: Source


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