| From Marketoracle.co.uk: The May S&P/Case-Shiller Home Price Indices are now out. Data through May 2008, released today by Standard & Poor's for its S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, show annual declines in the prices of existing single family homes across the United States generally continued to worsen in May 2008.
For the second straight month, all 20 MSAs posted annual declines, nine of which are posting record lows and 10 of which are in double-digits. Both the 10-City Composite and the 20-City Composite are reporting record low annual declines.
Although individual cities topped at varying times, the top-10 and top-20 city composites peaked in a June-July 2006 timeframe..... Full Article: Source
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