Case-Shiller U.S. Home Price Index Declines by 15.4% in Q2
The S&P Case-Shiller U.S. home price index fell less
than expected in the second-quarter as the 20-city composite index posted
an annual decline of 15.38%, up from a 14.22% decline in the first
quarter.
The Case-Shiller index has fallen every month since peaking in July
2006, but economists say the rate of decline may be slowing, as evidenced
by the three-month annualized rates.