Housing Mortgages Information

Case-Shiller Home Price Index Continues to Decline in July

The S&P Case-Shiller home price index fell more than expected in the July as the 20-city composite index posted an annual decline of 16.3%, extending the prior month's 15.9% decline.

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.