Topline
Data released by the S&P Corelogic Case-Shiller index, a leading measure of U.S. home prices, shows home prices continued to drop across the U.S. through December, with major cities like Seattle and San Francisco among those showing the biggest declines.
Key Facts
On Tuesday, S&P Dow Jones Indices reported home prices have ticked down about 0.8% on a monthly basis, but have fallen harder in 20 of the nation’s largest cities, and S&P’s Craig Lazzara says home prices “may well continue to weaken” given the prospects for ongoing economic weakness.
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