Charlotte

Home Prices Fall Record 16.6 Percent in August: Case-Shiller 

Prices in key housing markets nationwide continued to tumble during August, a key report said on Tuesday morning. The Standard & Poor’s/Case-Shiller home price indices posted their umpteenth record annual decline in August, with a 10-city index falling 17.7 percent and a 20-city index falling 16.6 percent, S&P said in a press statement. Prices fell roughly 1 percent across all 20 cities between July and August, according to the index data. “The downturn in residential real estate prices continued, with very few bright spots in the data,” says