Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

What's the Opposite of Exuberance?


“No signs of a turnaround,” says Robert J. “Irrational Exuberance” Shiller in announcing the May results for his national home price survey. The S&P/Case-Shiller 10-City Index showed an annual decline 3.4%, the worst since the summer of 1991. The results mark the 18th consecutive month of declines in home price appreciation. Chicago became the 15th of the nation’s twenty largest cities to show a decline, falling .6% in the past year. Detroit was the worst, with prices sliding 11%. The brightest spot: Seattle, where homes were up 9.1% year-over-year.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus