Schussing the black diamond: home prices go straight downBy
To a skier, schussing a black diamond means going straight down a very steep trail. Which pretty much describes what’s happening to the housing market—and not just in ski country. Today, Standard & Poor’s announced the biggest annual decline yet recorded in the S&P/Case-Shiller 10-City Composite Home Price Index. Prices in 10 big metro areas fell 6.7% from October 2006 through October 2007. That exceeds the 6.3% annual decline through April 1991, which was during a recession. (The 10-city series began in 1987.)
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Tesla Unveils ‘World’s Fastest Production Car’ and Electric Big Rig
- Norway Idea to Exit Oil Stocks Is ‘Shot Heard Around the World’
- Getting a Dog May Save Your Life, Especially If You’re Single
- The Questionable Math Behind Manafort’s Extravagant Home Renovations
- Musk Dusts Off the Fundraising Playbook With Semi, Roadster Orders