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Case-Shiller home price index hits new post-financial crisis low

Posted on 28 March 2012

A key measure of home prices in large U.S. cities fell to a new post-financial crisis low in January, the latest indication that the housing market continues to hunt for a bottom even as sales pick up.
Economists expected the drop and largely shrugged off the news that the widely followed home price index declined to a level lower than even during the depths of the financial crisis. The Standard & Poor’s/Case-Shiller index in January fell 0.8% from December and dropped 3.8% from January 2011………………………………………..Full Article: Source


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