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Home Price Index

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Home Prices Fall Record 19.4 Percent in January: Report 

Mar 31, 2009By

Home prices in major metropolitan areas fell at a record pace during January, underscoring a housing market in many key areas of the U.S. that is still stuck in ‘price correction’ mode. According to the widely-watched Standard & Poor’s/Case-Shiller home price indices, prices fell 19.4 percent in 10 key cities during Janaury versus one year earlier, while a 20-city index fell 19.0 percent. Both represent record annual price declines, S&P said in a press statement.

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