Home Prices and Consumer Sentiment Slide

Home prices across the country continued to fall in January at record rates while one measure of consumer confidence reached a five-year low, sending Wall Street shares down in early Tuesday trading.

The value of single-family homes plummeted 10.7 percent in January compared with a year earlier, as measured by the Case-Shiller index, a closely watched survey of 20 major metropolitan regions.

It was the steepest year-over-year decline since the index began eight years ago, and economists said the slump was probably worse than at the height of the last housing recession in the early 1990s.

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Posted in * Economics, Politics, Economy, Housing/Real Estate Market

One comment on “Home Prices and Consumer Sentiment Slide

  1. gdb in central Texas says:

    The NY Times is determined to make this the worst recession ever. On March 25th they write a story about January while everyone else is noticing February:

    The NYTimes continues to be the paper of (non)record