Case Shiller Index Declines 19.1% in Q1 ’09

Well, I asked for lower prices earlier, and that’s what we got:

Home prices continued falling at record paces, according to the Case Shiller Home Price Index.

Annual (-19.1%), quarterly (-7.5%) and monthly (-2.2%) data continue to show prices reverting back towards levels not seen for years.

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March 2009 Case Shiller Home Price Index

case-shiller-march-2009
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As of the most data, prices have returned to 2002 levels; Will pre-2000 levels be next?

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S&P/Case-Shiller U.S. National Home Price Index

cs-natl-home-price-index-march-09

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Sources:
Nationally, Home Prices Began 2009 with Record Declines
S&P, May 26, 2009
http://www2.standardandpoors.com/portal/site/sp/en/us/page.topic/indices_csmahp/0,0,0,0,0,0,0,0,0,2,1,0,0,0,0,0.html

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