Home prices in the US continued to fall in the period to September 2008, data released by Standard & Poor’s has revealed.
The latest instalment of the ratings agency’s S&P/ Case-Shiller Home Price Indices – a leading measure of US home prices – registered a record 16.6 per cent decline in the third quarter of 2008 versus the third quarter of 2007.
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The index is based on existing single family homes across the US, taking into consideration all US census divisions.
Published: 27-11-08
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