Tuesday, April 29, 2008

US Housing Crash

S&P/Case-Shiller U.S. Home-Price Index Fell 12.7%

April 29 (Bloomberg) -- Home prices in 20 U.S. metropolitan areas fell in February by the most on record, pointing to an imbalance between supply and demand that shows no sign of ending.

The S&P/Case-Shiller home-price index dropped 12.7 percent from a year earlier, more than forecast and the most since the figures were first published in 2001. The gauge has fallen every month since January 2007.

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