More bad news for the housing sector today. The S&P/Case-Shiller Home Price index, a measure of housing prices developed by Yale prof Robert Shiller and Standard & Poors, reports a continued slowing again for April, the 17th consecutive month of the slump. While some cities such as Portland and Charlotte are still in positive territory, the composite numbers for the ten and twenty big markets both saw declines around 2% year-over-year. The hardest hit cities were Washington and Tampa, both down over 5%. Top peformer was Seattle, up 9%. Go Starbucks, Boeing and Microsoft!
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