Case-Shiller Data for March
The Case-Shiller data for March was just released, and it, as expected, doesn’t look good. The NYTimes writes:
Prices in 20 major metropolitan areas dropped in March by 18.7 percent from March 2008, according to the Standard & Poor’s Case-Shiller Home Price Index that was released Tuesday. That was about the same as February and just shy of January’s record plunge of 19 percent…
Seventeen of the cities tracked by the index declined from February. That was an improvement over the previous month, when all 20 fell. Managing tiny gains were Denver and Charlotte, while Dallas was flat.
For more analysis, head over to Calculated Risk, which puts the decline into these frightening graphs:
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