Case-Shiller: Home Price Double-Dip Materializing

Hot news from AZ Home Help:

Posted To: MND NewsWire

The January S&P/Case Shiller Home Price Indices , released by Standard & Poor's this morning, show further deceleration in the growth rates of home prices in most of the cities in the survey. The indices, which are billed by S&P as the leading measure of U.S. home prices, are constructed to track the price path of typical single-family homes in a number of metropolitan statistical areas (MSAs). The study uses matched price pairs of individual houses to construct a 20-City Composite Index and a 10-City Composite Index which are updated monthly. The indices have a base value of 100 which was set in January 2000. Thus a current index value of 150 indicates there has been a 50% appreciation since that date for a typical home in the subject market. The 10-City Composite was down 2.0...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: www.mortgagenewsdaily.com

- For more real estate news visit our website at http://www.AzHomeHelp.com