The S&P/Case-Shiller Home Price Index declined 2 percent in the third quarter, after having risen 4.7 percent in the second quarter. Nationally, home prices are 1.5 percent below their year-earlier levels. In September, 18 of the 20 MSAs covered by the Index and both monthly composites were down. Only the two composites and five MSAs showed year-over-year gains.
The S&P/Case-Shiller U.S. National Home Price Index, which covers all nine U.S. census divisions, recorded a 1.5 percent decline in the third quarter of 2010 over the third quarter of 2009. In September, the 10-City and 20-City Composites recorded annual returns of 1.6 percent and 0.6%, respectively.
Source: Case-Shiller Index
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