In January, the unadjusted S&P/Case-Shiller 20-city home price composite index dropped 0.8% over the previous month. The decline followed on the 1.1% price fall registered in December and marks, in fact, the fifth consecutive month of declining home prices. Nevertheless, the price drop was just in line with market expectations. On an annual basis, home prices are 3.8% below the same month last year, up from the 4.1% annual fall recorded in December. 16 of the 20 cities surveyed posted declines over the previous month and, according to S&P, ?despite some positive economic signs, home prices continued to drop?. At the current level, home prices have now returned to the level observed in 2003 and are 34.4% below the peak reached in July 2006.
United States Housing
Home prices fall to eight-year low
March 29, 2012
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United States Economic News
United States: Clinton’s lead over Trump widens but presidential election results are still uncertain
October 20, 2016
Only a few weeks ahead of the 8 November presidential elections, major polls suggest that Hillary Clinton has extended her lead over Donald Trump, but the presidential race will be decided in the most fiercely contested states.
October 14, 2016
In September, nominal retail sales expanded 0.6% over the previous month.
October 7, 2016
Non-farm payrolls grew 156,000 in September, which came in below August’s upwardly-revised increase of 167,000 (previously reported: +151,000).
October 3, 2016
The ISM manufacturing index increased more than expected in September and returned to expansionary territory, after a temporary setback in August.
September 27, 2016
The S&P/Case-Shiller 20-city home composite index rose 0.6% in July over the previous month.