Home Prices Weaken in Q3 of 2011

The data point of note is that “the national index posted an annual decline of 3.9%, an improvement over the 5.8% decline posted in the second quarter. Nationally, home prices are back to their first quarter of 2003 levels.”

This should not be astonishing to anyone who has been paying attention.

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Source:
S&P Indices, Press Release
Home Prices Weaken as the Third Quarter of 2011 Ends
According to the S&P/Case-Shiller Home Price Indices
November 29, 2011

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