S&P/Case-Shiller: Home Price Declines Show No Signs of Abating
The S&P/Case-Shiller Index, which is one of the best gauges of the housing market out there, hasn’t recorded monthly declines on this level in almost 15 years. Robert Shiller, who’s Chief Economist at MacroMarkets LLC, and one of the leading authorities on real estate in the country, said that month-to-month declines are also persisting, with 17 out of the 20 cities down from their levels in January. If the chart below was a roller coaster, riders would now be holding on for dear life.