Wednesday, December 26, 2007

Not the Bottom

Home prices still falling.

NEW YORK (AP) -- U.S. home prices fell in October for the 10th consecutive month, posting their biggest monthly decline since early 1991, according to the Standard & Poor's/Case-Shiller home price index.

The record 6.7 percent drop marked the 23rd consecutive month of price deceleration.



There are big regional variations unsurprisingly.